CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SEBI has reconstituted its alternative investment policy advisory committee, to oversee the development of the AIF industry. Who is the chair of this renewed committee?

A	Kris Gopalakrishnan
B	Nandan Nilekani
C	N R Narayana Murthy
D	Salil Parekh

Explanation:

Detailed explanation-1: -Detailed Solution. The correct answer is N R Narayana Murthy. SEBI has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues. It is chaired by Infosys co-founder N R Narayana Murthy.

Detailed explanation-2: -However, in 2012, the Securities and Exchange Board of India ("SEBI") introduced the SEBI (AIF) Regulations 2012 ("AIF Regulations") to recognize AIFs. An AIF in India can be established as a company, Limited Liability Partnership ("LLP"), body corporate, or trust.

Detailed explanation-3: -For AIF scheme launched under Category I & II shall be close ended, the tenure shall be determined at the time of application and shall be for minimum three years.

Detailed explanation-4: -All AIFs are required to intimate SEBI /obtain prior approval (as per the applicable regulatory requirement) from SEBI in case of material change from the information provided by the AIFs at the time of filing applications for registration.

There is 1 question to complete.