On October 4, 2024, the Reserve Bank of India (RBI) issued a Draft Circular titled "Forms of Business and Prudential Regulation for Investments" that seeks to amend the extant Master Direction—Reserve Bank of India (Financial Services...
Introduction
The Securities and Exchange Board of India (SEBI) has recently introduced significant amendments to the regulations governing Category I and Category II Alternative Investment Funds (AIFs), with a specific focus on borrowing provision...