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“What kind of service providers are needed for an AIF...”

Written on: 28/08/2021 by KalebDowling (1 review written)

AIF Regulations require the following types of AIFs to appoint a custodian for the preservation of securities: Category III AIFs; and any Category I or Category II AIF having a corpus of more than INR 500 crores. The AIF Regulations also necessitate an annual audit of the AIF's books of accounts by a competent auditor, as well as an annual or semi-annual valuation of the AIF's investment by an independent valuer, subject to investor approval. Annual compliance with the conditions of the PPM… Read Full Review

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