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SEBI has allowed venture capital funds registered before AIF regulations came into picture to migrate to the existing regulation by becoming migrated venture capital funds. Such VC funds can migrate to the existing AIF regulations by July 19, 2025, said SEBI.
These funds were registered under SEBI Venture Capital Funds Regulations, 1996. These funds will now have an option to migrate to SEBI AIF Regulations 2012.
Experts believe that the move will help old VC funds to liquidate their illiquid assets as the SEBI AIF regulations allows extension to deal with such assets.
The fund applying for migration must have a certificate of registration as venture capital fund under SEBI Regulations (Venture Capital Funds), 1996.
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