Alternatives investment fund managers urged to swiftly comply with SEBI circular for demat credits
SEBI Board in its meeting held on March 29, 2023, approved the proposal to mandate issuance of units of AIFs in dematerialised form for ease of monitoring and administration by stakeholders and for protection against operational and fraud risk.
The SEBI circular addresses important timelines and procedures related to the crediting of funds to Demat and Aggregate Escrow Demat accounts. (File image)