Circular SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/175 dated 13-12-2024
Earlier, the SEBI had notified the norms w.r.t pro-rata and pari-passu rights of investors of AIFs. Now, SEBI has specified that the investors that has defaulted on providing his/her pro-rata contribution for the said investment will not be eligible for pro-rata rights. Further, the requirement of maintaining pro-rata rights of investors shall not be applicable to the extent returns or profit on the investments is shared by an investor with the manager or sponsor of the AIF.
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