Current Affairs · SEBI Demat Regulations for Alternative Investment Funds

Which of the following statements correctly align with the application of SEBI's revised framework for Alternative Investment Funds (AIFs) to hold investments in dematerialized form? 1. Investments made after July 1 must be held in dematerialized form, regardless of whether they are acquired directly or from another entity. 2. Pre-July 1 investments are universally exempt from the dematerialization requirement, regardless of whether the AIF exercises control over the investee company. 3. Demat compliance remains compulsory for pre-July 1 investments if the investee company is mandated for dematerialization. 4. AIF schemes with a tenure ending by October 31, or those with an extended tenure as of February 14, are granted an exemption from the mandate. Select the correct option: