Question
SEBI has reduced the validity period of approval given
to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to _______ months from six months at present.Solution
SEBI has reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months from six months at present.    If these funds fail to make investments within this time limit, then Sebi can allocate their unutilized limits to other applicant AIFs and VCs.
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