AIF Services
SEBI Registration, PPMs & Fund Compliance
AIF registration, PPM drafting, fund structuring, investor reporting, GIFT City setup, and pass-through tax support.
This hub supports the full AIF lifecycle from structuring to ongoing filings. It is intended for fund managers, sponsors, and advisors that need SEBI-facing compliance with a clear tax and documentation path.
What this hub covers
Tools for this
Check the relevant deadline before you act.
Typical engagement flow
Structure
Choose the category, fund vehicle, and constitutional documents before fundraise materials are drafted.
Register
Prepare and file the SEBI registration package and supporting disclosures for the investment manager.
Draft PPM/LPA
Document strategy, fees, risk factors, conflicts, and governance terms for investors.
Comply Ongoing
Track reporting, valuation, investor communications, and tax treatment over the fund life.
Related services in this lifecycle
AIF Compliance
Compliance→AIF Fund Services
Fund Services→SEBI AIF Registration Support
SEBI→Angel Fund Advisory
Angel Fund→GIFT City AIF Structuring
GIFT City→Fund Due Diligence
Due Diligence→PPM & LPA Drafting
PPM / LPA→Accredited Investor Advisory
Accredited Investor→PMS / AIF Tax Planning
Tax Planning→SM-REIT Registration
SM-REIT→Common questions
What is the difference between Category I, II, and III AIFs?
Under the SEBI (AIF) Regulations 2012, Category I and II are generally closed-end private capital structures, while Category III may use complex trading strategies and leverage subject to the regulations.
What tax treatment applies to Category I and II AIFs?
Under Section 10(23FBA) and Section 115UB of the Income Tax Act, Category I and II AIFs can receive pass-through treatment for specified income, while the fund and investors are taxed as the law provides.
What must the PPM contain?
Under the SEBI (AIF) Regulations 2012, the PPM must disclose strategy, fees, risk factors, conflicts, restrictions, and the manager’s operating framework before commitments are accepted.
Do AIFs have ongoing reporting obligations?
Yes. Ongoing reporting, valuation, and investor disclosure are required under the SEBI (AIF) Regulations 2012 and the applicable SEBI circulars.
What is the advantage of GIFT City for fund structures?
GIFT City structures are supported by the IFSCA framework, which can offer a different operating and tax environment compared with an onshore AIF, subject to the specific setup.
Need the right filing or advisory path?
We can map the facts, confirm the statutory route, and move from draft to execution without the usual back-and-forth.