sebi update: Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
The decision has been taken considering into account the recommendation of the Alternative Investments Policy Advisory Committee, the Sebi said in a circular. Under the rule, AIFs and VCFs have a time limit of six months from the date of prior approval from Sebi to making the allocated investments in offshore venture capital undertakings
Source: indiatimes.com