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The Times of India

Business

PTI

AIFs: Sebi streamlines approval process for sponsor changes requiring NCLT nod

SEBI NCLT New Delhi

NEW DELHI: Markets regulator Sebi has streamlined the process for approval with respect to change in control of sponsor and manager of Alternative Investment Funds (AIFs) involving a scheme of arrangement under the companies law.

In a circular on Wednesday, the watchdog said such applications seeking approval for the proposed change in control of the Sponsor and/or Manager of the AIF can be filed with Sebi prior to filing the applications with the National Company Law Tribunal (NCLT).

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