Q. According to the recently issued guidelines regarding AIF by SEBI, the first close of a scheme must be declared within how many months from the date of communication with SEBI? Answer:
12 months
Notes: The Securities and Exchange Board of India (SEBI) issued guidelines for alternative investment funds (AIFs). The revised guidelines were framed by SEBI by amending the SEBI (Alternative Investment Funds) Regulations, 2012.
