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Published on Thu, Jun 26,2014 | 18:13, Updated at Thu, Jun 26 at 18:14Source : Moneycontrol.com
Following closely on the footsteps of the recent observations1 by U.S. Securities and Exchange Commission (SEC) that there are several disconnects between "what [general partners] think their [limited partners] know and what LPs actually know", the Indian Securities Exchange Board of India has issued a circular that consolidates guidelines on disclosures and reporting that alternative investment funds ("AIFs") have to make. The Circular also provides certain clarifications on the interpretation of the provisions of the AIF Regulations. For more, please read the attached report by Nishith Desai Associates.
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