In a circular dated March 3, 2025, SEBI extended the reporting deadline from February 28, 2025, to March 31, 2025.

The extension follows industry requests for more time to meet compliance obligations. The requirement applies to AIFs whose Private Placement Memorandums (PPMs) were filed with SEBI on or after March 1, 2020, and have issued differential rights that do not align with the implementation standards set by the Standard Setting Forum for AIFs.

This development builds on SEBI’s December 2024 circular, which outlined a framework ensuring that differential rights offered to select investors do not affect the rights of others. The move aligns with SEBI’s ongoing efforts to maintain transparency, fairness, and investor protection within the AIF industry.

With this extension, AIFs now have additional time to comply without operational disruptions, reinforcing SEBI’s balanced approach to regulation and industry growth.

Click HERE to read the full circular.