Flagship Expertise
Alternative Investment Fund Advisory
Our experience spans the full range of SEBI-regulated Alternative Investment Funds, including Category I (venture capital, SME and social impact funds), Category II (private equity, credit and hybrid structures), and Category III (hedge funds and long–short strategies). We also advise on fund structures based in the International Financial Services Centre (IFSC) at GIFT City, assisting with fund formation, IFSCA approvals, and regulatory compliance.
End-to-End AIF Solutions
Every category.Every stage.
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Category I
- Venture Capital
- SME Funds
- Social Impact Funds
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Category II
- Private Equity
- Credit Funds
- Hybrid Structures
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Category III
- Hedge Funds
- Long–Short Strategies
Formation, from concept to approval
- Advisory
- Documentation
- Legal Drafting
- Filing
- Liaison
- Approval
The AIF practice,service by service.
Eleven service lines covering the full life of a fund. Select one to see what it includes.
01
AIF Formation & Fund Structuring
End-to-end assistance establishing AIFs in India and at GIFT City — from concept to regulatory approval.
- Fund Structure and Regulatory Framework Advisory
- Category I, II and III AIF Advisory
- GIFT City / IFSC Fund Structuring
- Drafting and Review of Trust Deeds
- Investment Management Agreements (IMA)
- Private Placement Memorandum (PPM)
- Contribution Agreements
- Other Fund-Related Documentation
- SEBI Application and Filing Assistance
- Coordination with Trustees, Merchant Bankers and other Stakeholders
- Regulatory Liaison and Approval Support
02
SEBI Regulatory & Compliance
Ongoing regulatory and statutory compliance for the fund and its manager.
- Periodic SEBI Compliance
- Regulatory Reporting
- Material Change Reporting
- Event-Based Regulatory Filings
- PPM-Related Compliance
- Annual Compliance Requirements
- Regulatory Correspondence and Queries
- Trustee Compliance Reporting
03
RBI & FEMA Compliance
Foreign investment, remittance and overseas investment requirements for fund structures.
- Foreign Investment Compliance
- Overseas Investment-Related Regulatory Requirements
- Foreign Remittance Compliance
- InVi Filing
- DI Filing
- FEMA Advisory
- RBI-Related Reporting and Compliance
04
Statutory Registrations
Obtaining and maintaining the registrations an operating AIF is required to hold.
- PAN & TAN
- GIIN / FATCA Registration
- ITDREIN
- SEBI SCORES Registration
- FIU-IND Registration
- KRA Registration
- CKYC Registration
- Online Dispute Resolution (ODR) Registration
- BUDS Registration
- Other Applicable Regulatory Registrations
05
Investor & Contributor Onboarding
End-to-end onboarding of contributors, from documentation through to unit allotment.
- Investor Documentation Review
- KYC Verification
- KRA Registration
- CKYC Registration
- Contributor Database Management
- Investor Onboarding Documentation
- Welcome Letters
- Unit Allotment Documentation
- Capital Commitment Tracking
- Capital Call Tracking
- Contribution Tracking
06
AML / KYC Due Diligence
Investor-level due diligence and PMLA documentation, including ongoing monitoring.
- KYC Document Verification
- Individual Investor KYC
- Non-Individual Investor KYC
- Foreign Investor Documentation Review
- AML Compliance
- PMLA-Related Compliance
- Beneficial Ownership Verification
- Risk Screening
- Due Diligence Reporting
- Periodic Investor Review
- Ongoing Monitoring of Investor Profiles
07
AIF Reporting
Periodic reporting to investors, trustees, regulators and the investment team.
Investor Reporting
- NAV Statements
- Statements of Accounts
- Investor Communications
- Fund Newsletters and Updates
- Capital Account Statements
Regulatory Reporting
- SEBI Reporting
- IFSC / IFSCA Reporting
- Trustee Reporting
- Periodic Compliance Reports
- Event-Based Reporting
Management Reporting
- Investment Reports
- Divestment Reports
- Portfolio Reports
- Internal Management Information
08
Cybersecurity & Cyber Resilience (CSCRF)
Addressing cybersecurity and cyber-resilience requirements applicable to the fund.
- Cybersecurity Policy Framework Review
- Cybersecurity & Cyber Resilience Policy
- IT Asset Inventory
- Risk Assessment
- VAPT-Related Framework
- Data Security Controls
- Access Control Framework
- Outsourcing and Third-Party Risk
- Cybersecurity Awareness and Training
- Continuous Monitoring Framework
- Incident Management
- Business Continuity Planning
- Security Operations Centre (SOC) Assessment
09
Accredited Investor Certification
End-to-end assistance in obtaining and using Accredited Investor status.
- Eligibility Assessment
- Review of Income and Net-Worth Criteria
- Documentation Guidance
- Financial Statement Review
- Net-Worth Certificate Coordination
- Preparation of Supporting Documents
- Liaison with Accreditation Agencies
- Handling of Queries
- Certification Process Coordination
- Advisory on Utilisation of Accredited Investor Status
10
PPM & Fund Documentation Advisory
Specialised support across the fund's core disclosure and policy documentation.
- PPM Annual Updates
- PPM Audit
- Material Changes Update in PPM
- Investor Documentation
- Fund Policy Documentation
- Regulatory Documentation Review
11
Trustee & Fund Governance Support
Keeping Investment Managers and Sponsors coordinated with Trustees and service providers.
- Trustee Reporting
- Trustee Documentation
- Compliance Reporting
- Material Change Communication
- Regulatory Correspondence
- Fund Governance Support
- Coordination with Merchant Bankers
- Coordination with Valuers and other Service Providers
CS Vinay Mehta
Practicing Company Secretary
10
Years of professional service
Ten years of trust, expertise and lasting client relationships — and a journey that continues.
Our sincere thanks to every client, partner and professional associate who has been part of it.