To register an Alternative Investment Fund (AIF) in India, applicants must comply with SEBI’s AIF Regulations, 2012. The process includes selecting the appropriate AIF category (I, II, or III) and legal structure (trust, company, LLP, or body corporate), appointing a Sponsor and Manager (with at least one NISM-certified team member from May 10, 2024), and applying online via the SEBI Intermediary Portal. The application involves submitting Form A, a draft Private Placement Memorandum (PPM), and other required documents. An initial fee of ₹1 lakh + GST is payable, followed by a registration fee upon approval (ranging from ₹2 lakh to ₹15 lakh depending on the category). Once all requirements are met, SEBI issues a Certificate of Registration.
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