Chapter11
SE AIF Reg2012 SEBI HCI Otherloncent
Reg2000 seedFunding
I putequity
Introductory
yy venturecapital
loreFovision otherprovisions
Definition arettstages
I iniiigitaff Prudential
ofInv
Categories
ofAIF Rpf reporting ofIna
i typugsat ian.IE fhhjhhh normen
processadotfor
placementmemo
listing
launch
ofschemes methodology Guidelines
Tenure clarificationfor
III a
disclosures
InvestmentConditions
reporting
overseas
999,1
situation
special Fund Angel
Fund
Alt refers tofund setup inindia in theformof bodycorporate 24 Partnership
Trait which is a pretty pooled Investment vehicle collect money from Investor
whether Indian
of foreignol Invest as per defined Investment policy
which isnot covered MutualFund
under SEBI Regulation SEBI Sts
regulation etc
Employment
welfare trust
High
6 SpdpurposeVehicle Including securitization trust
7 securitization toy Reconstruction soy
8 Any poolof fund
regulatedby any regulator
accredited Investor
A
accredited Investor refers to Investor who has received a accredited certificate
from accredited agency
conditions to aquire Certificate
1 Tidal HTF soltproprietor is 20 or more and
who's annual Income
networth should be 7 BG outof which 3.756 Should be in terms of financial
asset
nehodth is 5 or out
who's Income is 16
of which 2 or in terms
of
27 3085984 afterthenetworth should be 500
3 Trust Thenetworth should be 500
4 partnership All the partners should satisfy with point 1 Individually
CATEGORY
I AIF I AIF CATEGORY AIF
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category I categoryIn
Is aiffEi.fin.ateiQ
trading strategies
men
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by govt of regulator
govt regulators otherregulators govt regulators otherregulator
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2 Smefund No a concessions No concessions
3Venturecap Fund
um sn eisna
a gaining a in
regulators otherregulators caninvest in late Alfand Invest in
govt Aff caffftp.can
incentivedaconcessions
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of canengage in hearingcineman
creditdefaultswap Eff wetsuit
include
I Iii cannotemploy leverage Ellept
fortemporary purpose
canemploy leverage with
Consent
ofInvestors
manfor30
day withinmaillimitofSEBI
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other sat AIF
mayappoint merchant bankera market
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Creditdefaultswap
t
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fortemporary purpose toSME
1 Inform within Tradingdays
matfor30
day
mm Ying's arable ant I eni
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Subcategory I
EEE
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mayacceptgrant mm
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m No petshareaccure togiversofgrant
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referffuch
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t socialventures
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Registration
ofAIF
jam
Registration is mandatory
Registrationis obtained under any particular category
of
Altwhich cannotbe changed without the appt SEBI of
Alt canlaunchmultipleschemes
We
Eleften that
Theonlinesystemcanbeusedforapplication for registration reporting filing
Applicants only
Eff
Affrighission
https siportal.sebi.gov.in
Registered Applicants filing onlyonline
strategy
Infamenty
Alf must state Investment methodology in its placement memorandum
chlnge
Ifdthey wantto it in futurethen
of unit holder's invalue consentis req
Interment isAIn
inv in AIF
Byindian Foreignor NRIdemat
investor
IAIFI
By Issue unity sin
ofIssue placementmemo
By way of of
tain corpus Amtraised 206
min Investment
bysponsor a
continuing interest
a'in
2.5 of 5Gt
c ii not
management
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fee
manager
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InformSEB Bring the Ifcorpusisnot
within 2days corpus back broughtback fat am n
fromclients to 206 to206 in3m
order within 3months peaumtauum.gg Forrepeated
violations
I'm
units of AIFmay be listed on SF
close Ended
subj to min tradeable lot of
1Crorerupees
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Bade
Thosecountrieswhole securities regulatory is
In followingcountries Indian a signatory to rosco's multilateral
CoycanIssueActunite now
raisemoney
Bilateral agreement with SEBI
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following not UNSC sanction list1debarred
qq.gg and
Placement memorandum
1 Other name Information memorandum
2 It shallcontainall material information about the AIF manages
manager team conditions a terms Fees other expenses proposedto
be changed tenure InvestmentStrategy Etc
3 thereis
If anychanges in placement memorandum merchant banker should
intimate to SEBI withinim fromthe end each year
of
laugh seem modalities
shouldnotbe aassociate
of
sponsor
managltrum ofAIF
iiaunna
an amints
giant
or ifeng.fi fih i see
onbehalf t
includingobservations
placementmemo
potentialInvestors
Effect
Cate a
closed Ended open or closed Ended
I 1 Inforfurther 2yrs closedEnded thin
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withtheapproval of Edendedfor 2yrs with
d unitholders the approval of d unitholder
of of
valuefundfor Accredited
angeralue fundfor Accredited
Imammay and formm
flage
Investor
may extend for
more
min than 2yrsalso 2yrsalso
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man
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ma
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fundfor AI
I of Investible funde
Note fatty Investing in listed Eq
limit so1 of Invertible funds of Netasset valueofFunds
20 ofInvertible funds of Netasset valueofFunds
e I allowed
byplacement memorandum
a toInvest in other AIF
Thatraisemoney from
any AIFby
Issuingunits
f In Associate
Affg
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associali
1,2 3 req approval of unit holder 78 1
9 uninvested ant pending utilisation
battemporarily
can Investedin
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liquid mF bank any liquid asset with higher quality
h ACFmay act at nominated Investor under ICDR Regulations
eeenma.n
2
see
Inverter soy
t.tt
tohave Indian connection
10110 multilateral mou signatory
3 country's security
marketregulator BilateralMou withSEBI
4 Investment
I 107 allowedto letry where
Antimonmaskyndening
FATF
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deficiency
combating financing of
terrorism
FATFActionplan fmm.ge
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nosufficientprogress
5 Investment outsid India All Alt vet
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6 while selling Investment outside India the buyer should be eligible
under overseas direct Investment
commerce
tettert
w 30days
mana
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r
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risimme prudential
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1 Fortat AIF
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reporttoSEBI
liquidity mgmt which
name
an
policy
shouldbe affthh.is for i
there
mgmt Neethro
Risk framework maintain
shouldbe records
there
of
alltrades
shall
Ensurethatleverage
notbemorethan twice of
NAVofthefunds
netÉtvaem
Pierrette savedthe life I tease
process
Alt approaches upon receiptof inprinciple upon receiptof
SE for seeking approval fromSE AIF approval from SEBI
In principle approval approaches SEBI for AIF approaches SEfor
forlifting seeking approval listing a trading
mithd
d
ÉEfd mail.fing
1 placement memorandum to
2 In caseof1stlisting
mix 2
King
Details
p
of applicant
Investmentmgmtagreement 3 Certifiedtruecopy
of
Certificate
of registration observations
fromSEBI 6
ofAIF Final placement memorandum
Custodian agreement v7listingagreement as per
RGTAgreement SEBI LODI
AAI.GETbiished 5 Confirmation fromNSDI
3 DSL Isinactivation
iii to it
Trustee for farmer's
m
Guidelines on Disclosures Reporting 4 Clarifications
Cat I AIF unduatndwmtf.EE
Exercise leverage notday
to anodian
with okay
to bedildon to
Id p f ff a Investor
Change in the placement memorandum
outsting
Investor
Effurhenity
Extremity
tided closidEnded
open
Redemtron
mahagen
ofAIF managerg Alf
willbuytheunits ofunitbysale willbuytheunits
a arrangeany ofasset
underlying a arrangeany
persontobuy persontobuy
the unite the units
1
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2valuerswillbeappointed atleasttheavgof
twoprices willbethe Exitprice
Effie ifeng.in eand
min Investment 2529C
valuationpolicies bysponsor manager 2.51ofCorpin
continuingInterest asolar
InvestmentStrategies Man Investor 200
Investment contribution Maitenure Eyre listing NA
Indef Investment
tobe maintainedforGprs
Registration is mandatory
fromany Cattoangel
Conversion
fundcanbe done withapprovalof
IEYE.fi tt gd sea ii no ornament is
made
ByIssueof PM IM
Byway ofputplacement
AngelFundis the subcategory
Venturecapfund under lateofAIF
of
Angel Fund
off region IL iii a fish
no a a
margin.it i Iiiasinnu a
Shall Investin startups
www.t i i
valueof principal residence
a
Effectors and
ofearlystageInvestor
experience
promoted by by
sponsored relatedto
denierpreneur
t.sngroupTo
Industrialgroup bleeding serial
a
seniormanagerial personalhavingtoys's
of
iii Issing I
cream
Bodycorporate minNetworth of low
Angelfundshall not Investmore than Altunder AIFReg2012
281 of totalInvestmentin VCFunder use Reg 1996
any startup venturelapunit
lockin 1year
AngelfundshallnotInvest in associates
Angel fund should not beInvested in Fandletion
IEii iitiiiiiaan
g a nmg
promoter
itL'connellvotingright 1519more
i i specialsituation
Invest special situation assets
alien chattel Bot
Foraccredited Director
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ngriieny
forgemgfy.ee
Investor Invertee
Securityof
and 1
p wherethereare
stressedloan
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securityreceipts
areIssuedby
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offend subjtocarp
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aan
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atleast
notallowed days
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If Infestment
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off
unlisted
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9 enthffcap
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where
EqTmiare made
Pete c
t fearfished so
SpinforFUCI
seedFunding
If offam qtgfmtym.gg founder's
personal assets From Friends
Thistypeoffunding is often obtained in Exchange for an Equitystake
lender often view seed capital as a risky Investment
Thisis a typeofventurecapitalfunding coveredunder the provisions
ofangel funding
Pridquity
1 Invest in soy whichare not publicly traded
Investment in phficly traded toy with anintent to make it private
2 Investin illiquid assets
3 Investors are generally institutional Investor accredited Investor
a Investors are those who tan commit
largesumofmoney forlongperiodoftime
typesofputEq
Grimm
1 Yahia
capital
H 1001
Invested by IYfg.fm 9forexpansion
growth restructuring
maturesoy's coy's
generating
flow Investoronlymakes
leverage is usedto minority Investment
aim.int ogco
vennyflapital
Equity Investment atan earlystage in privately held soy's having
potential to generate highrate ofreturn
VenturecapitalCoy is a group Investors whopool Investments focused withincertainparameters
Institutional
of
Investors like pensionfund
partypany
Insurancecoy's
Foundations
corporations
Individuals
Stages
ofInvestmentFinancing 1 EarlystageFinancing forround
pP
second offunding
tevelopmentcapital
2 laterstageFinancing Factory waggouse
Expansion finance
mgmtBuyout
Replaceffffman
f Buyout fmgmtBuyin
