An N.R. Narayana Murthy-led committee set up by Securities and Exchange Board of India (Sebi) to suggest changes in tax and other regulations to facilitate capital raising by alternative investment funds (AIF) submitted its second report to the markets regulator last week, two people aware of the development said.
Sebi had constituted the Alternative Investment Policy Advisory Committee (AIPAC) standing committee under the chairmanship of Infosys Ltd co-founder Murthy in March 2015. The committee submitted its first set of recommendations in January this year.
