Sebi to overhaul alternative investment fund rules to keep up with evolving startup system
The Securities and Exchange Board of India is preparing to overhaul rules on alternative investment funds (AIFs) as part of the capital market regulator's efforts to keep in step with the country's burgeoning and rapidly evolving startup ecosystem. Toward this end, it's setting up a high-power committee that's likely to be headed by Infosys founder NR Narayana Murthy, the first such initiative by the capital market regulator to look at the mighty pool of investors that fuel India's entrepreneurial economy, said two regulatory officials.
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