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In a recent circular, SEBI has extended the liquidation period of Venture Capital Fund (VCF) schemes whose liquidation period has expired and which are not wound up yet and wish to migrate to SEBI’s 2012 AIF regulations by one year from July 19, 2025 to July 19, 2026.
Last year, SEBI had issued a circular in August 2024 which gave VCFs having at least one scheme whose liquidation period has expired and which is/are not wound up and wish to migrate to the newer AIF regulations issued in 2012 a deadline of July 19, 2025 to migrate.
The regulator has made this extension after receiving requests from the VCF industry and consultation with the stakeholders.
The regulator has clarified however, that the deadline for eligible VCF schemes to apply for migration will stay unchanged as July 19, 2025.
This circular will come into effect immediately.