SEBI Rolls Out ‘GARUDA’ Framework To Expedite Fund Launches

The Securities and Exchange Board of India (SEBI) has released a new framework to simplify and expedite the launch of new schemes by alternative investment funds (AIFs). Under the new green channel framework, AIFs can launch regular schemes within ten working days of filing their private placement memorandum (PPM) with the SEBI via a registered merchant banker, unless the regulator says otherwise. However, newly-registered AIFs can launch their first scheme after SEBI registration or ten days af