Alternative Investment Fund Registration
Overview of Alternative Investment Fund Company
An Alternate Investment Fund or AIF invests in different forms of start-ups and companies. An applicant must get registered with SEBI to start an AIF. Under the rules and regulations of SEBI, an Alternative Investment Fund refers to an entity established in form of a company, LLP, or a trust to invest in start-ups or companies.
Types of AIFs:
Eligibility for Alternative Investment Fund Company
Documents Required For Alternative Investment Fund Registration
The following documents are required for Alternative Investment Fund Registration:
Procedure for Alternative Investment Fund Registration
1. Whether the company is previously registered as a venture capital fund with SEBI. It yes then the details of the registration must be shared.
2. If the company has been undertaking activities of AIF prior to application for registrations. If yes, then produce details.
3. Mention if registering for a new fund.
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Frequently Asked Questions on Alternative Investment Fund Registration
The following fees would be applicable for alternative investment fund registration:
- Initial Application fee- Rs. 1, 00,000
- Category I registration fee- Rs. 5, 00,000/-
- Category II registration fee- Rs. 10, 00,000/-
- Category III registration fee- Rs. 15, 00,000/-
Yes, an Angel Fund would be considered as an AIF for the aim of other Investment Fund Registration. However, the utmost number of investors which an angel fund can have is merely 49.
Not under any circumstances, an AIF can go public. This suggests that the shares and securities can’t be offered to the general public.
The minimum scheme size of an Alternative Investment Fund is 20 crores.
Yes, it is possible for the risk capital Fund registered under the provisions of the SEBI (Venture Capital Funds) Regulations, 1996 to re-register under the AIF Regulations. However, the registration of a VCF depends on the approval of the investors. For this, approval of more than 2/3 of the member investors is required.