Due to the sudden rise in covid-19 and implementation of various new laws in India, SEBI is facing a hard time implication new compliance laws and with a warm request from Alternative Investment Funds (AIFs) and Venture Capital Funds (VCs), SEBI extended the regulatory filing till September-ends.
The recent regulatory filing dates were between March 2021 to July 2021 but after consideration, SEBI decided to move this date forward till the end of September 30th, 2021. Certain implications were imposed on AIFs and VCs as if they fail to comply with the extended dates, a penalty will be imposed. Furthermore, this might lead to a bad reputation for the VCs.
Easier said than done, the situation around us is challenging but with regular compliance and mutual efforts, things will be easy for AIFs, VCs, and SEBI.