SEBI has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In a circular, the regulator laid out certain conditions, by way of which AIF investors may be exempt from certain investments.
Against this background, Manendra Singh, Associate Partner, Economic Laws Practice (ELP) has been quoted in an article titled ‘‘Excuse & exclusion’ norms clarified published by Financial Express (India).
