The Securities and Exchange Board of India (SEBI) on June 06, 2025, extended the timeline of additional liquidation period for VCFs migrating to SEBI (Alternative Investment Funds) Regulations, 2012.
The SEBI vide Circular No. SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/111 dated August 19, 2024, provided, inter-alia, for modalities for migration including conditions under which Venture Capital Funds (VCFs) will be allowed to migrate to SEBI (Alternative Investment Funds) Regulations, 2012.
The Paragraph 5.2 of the said circular, inter-alia, specified that VCFs with schemes whose liquidation period has expired and are not wound up and who migrate to AIF Regulations shall be granted an additional liquidation period till July 19, 2025.
Based on representation received and consultations held with the industry and in order to facilitate migration, it has been decided to extend the additional liquidation period, prescribed under Paragraph 5.2 of the said circular, to July 19, 2026.
It is reiterated that the last date for applying for migration with SEBI for all eligible VCFs remains as July 19, 2025.
The circular shall come into force with immediate effect.
[Circular No. SEBI/HO/AFD/SEC-3/P/CIR2025/85]
