a) RBI circular RBI/2020-21/12 DOR (NBFC).CC.PD.No.115/03.10.001/2020-21 dated July 10, 2020 has provided exemption from Registration as NBFC – Alternative Investment Fund (AIF).

b) Consequent upon the repeal of Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 and enactment of Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, it has been decided to substitute the word “Venture Capital Fund Companies” with “Alternative Investment Fund Companies”, in exercise of the powers conferred under section 45NC of RBI Act, 1934.