AIF Compliance Calendar Generator

Most Indian AIFs run April–March. Change only if your trust deed specifies a different FY.

Date SEBI accepted your PPM on record (shown on SEBI registration certificate). Used to calculate first-close deadline.

When are AIF quarterly reports due to SEBI?

SEBI requires Alternative Investment Funds to file quarterly activity reports by the 15th of January, April, July, and October each year. These cover the preceding quarter (Oct–Dec, Jan–Mar, Apr–Jun, Jul–Sep respectively). Regulation 30 of the SEBI (AIF) Regulations 2012 is the governing provision. The filing format was simplified by SEBI circular in March 2026.

When is the annual PPM audit due?

The annual PPM audit under Regulation 29 of the SEBI (AIF) Regulations 2012 must be submitted to SEBI within 6 months of the financial year-end. For an April–March FY, this means by 30 September. The audit is conducted by a Chartered Accountant and verifies that the fund operated within the investment strategy, fees, limits, and governance disclosed in the Private Placement Memorandum.

How are Category I and II AIFs taxed vs Category III?

Category I and Category II AIFs benefit from pass-through tax treatment under Section 115UB of the Income Tax Act 1961 — income is not taxed at the fund level but passed through to investors who pay tax at their own rates. Category III AIFs are taxed at the fund level (30% for short-term gains, 10% LTCG for listed securities). Cat III funds must pay advance tax in four instalments and issue Form 64A to each investor.

What is CSCRF compliance for AIFs?

The SEBI Cyber Security and Cyber Resilience Framework (CSCRF) circular dated 20 August 2024 applies to AIFs. Mid-size and large AIFs must conduct annual IS Audits by CERT-In empanelled firms and submit self-assessment reports to SEBI. This is a regulatory obligation separate from the quarterly activity report. AIFs should build CSCRF compliance into their annual compliance calendar.

What happens if an AIF misses a quarterly report deadline?

A late quarterly activity report triggers SEBI adjudication proceedings under Section 15C of the SEBI Act 1992. Penalties under Section 15HA can reach ₹25 Cr or three times the gains from the violation. In practice, SEBI typically issues a show-cause notice first. There is no grace period — 15 January, 15 April, 15 July, and 15 October are hard deadlines.

When must Form 64B be issued to AIF investors?

Category I and II AIFs must issue Form 64B (pass-through statement) to each investor by 30 November each year under Rule 12CB of the Income Tax Rules 1962. This statement shows each investor's share of income, capital gains, and losses from the AIF for the preceding financial year. Investors need Form 64B to correctly report AIF income in their own ITR.