Conditions for grant of AIF Registration Certificate
The conditions for grant of certificate of registration in accordance with Section 6 of the Alternative Investment Fund Regulations are stated as follows:
Alternative Investment Funds shall have to mandatorily comply with all the conditions of the respective Regulation;
Alternative Investment Funds shall not perform any kind of operations which are not regulated by the act;
Alternative Investment Fund shall keep SEBI apprised of any situations or activities which involve the submission of falsified documents or any other occurrence of non-compliance with the provisions of the SEBI Regulations;
The applicant should have restrictions to accept deposits in its Memorandum of Associations & Articles of Association.
Maximum number of investors shall be limited to 1000 persons.
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