Due Diligence Certificate for AIFs

Do you know SEBI has simplified compliance requirements for AIFs?

AIF refers to Alternative Investment Funds. AIFs pool funds from Indian and Foreign investors for investing purpose. As per Securities and Exchange Board (SEBI) norms regarding filing of placement memorandum through a SEBI registered Merchant Banker, Merchant Bankers will independently conduct due diligence of all disclosures in the placement memorandum of AIFs, satisfy itself with respect to veracity and adequacy of disclosures and provide a due diligence certificate.

Diggi Corporate exercises Due Diligence of AIFs of India, prepares a report and certificate as specified by SEBI and submits it when draft placement memorandum of AIFs is filed with SEBI or before launch of a new scheme on the SEBI Intermediary portal.