Circular MRD/CIR/2021/1851 of the Securities and Exchange Board of India dated 6th October, 2021 on the pooling of funds for investment [C1N-34M]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 6 October 2021; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Circular MRD/CIR/2021/1851 of the Securities and Exchange Board of India dated 6th October, 2021 on the pooling of funds for investment, Circular MRD/CIR/2021/1851, 6th October, 2021 [C1N-34M]. Machine: C1N-34M.

MRD/CIR/2021/1851

Securities and Exchange Board of India

Mumbai, dated the 6th October, 2021

CIRCULAR

All Assistant General Managers,

Subject: The pooling of funds for investment by alternative investment funds under the Securities and Exchange Board of India Act, 1992, regarding.

In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the pooling of funds for investment by alternative investment funds.

2. The matter has been examined. Every alternative investment fund carrying on the pooling of funds for investment shall make an application in Form G to the Board within twenty-one days, accompanied by a fee of fifty thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the pooling of funds for investment is undertaken, and the Board shall dispose of it within twenty-one days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following". Names section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) [S1W-XPB]. Vires verified.

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