The approval and validation of alternative investment funds was triggered by the notification of the SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations") on May 21, 2012. AIFs are subject to SEBI (Securities and Exchange Board of India) regulation, and such ventures are required to register. The funds can only be collected privately; a public call, like one for th... https://www.corpzo.com/an-introduction-to-aif-regulations-changes