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SEBI has made the manager and key management personnels of Alternative Investment Fund (AIF) responsible for appointing an independent valuer of asset, and ascertaining true and fair valuation of the investments of AIF schemes. In case the established policies and procedures of valuation do not result in fair and appropriate valuation, the manager should deviate from the established policies and procedures to value the assets or securities at a fair value and document the rationale for such deviation. At each asset level, in case there is a deviation of over 20 per cent between two consecutive valuations or a deviation of over 33 per cent in a financial year, the manager shall inform the investors the reasons for the same. Valuation of securities not covered by SEBI norms should be carried out as per valuation guidelines endorsed by any AIF industry association, which has membership of at least 33 per cent of SEBI-registered. The independent valuer should have at least three years of experience in valuation of unlisted securities and should not be associated with the manager, sponsor and trustee of the AIF. An AIF has to obtain consent of 75 per cent of investors by value for launching ‘Liquidation Scheme’ during the liquidation period of one year of the original scheme.
The MoU between ITI Ltd, C-DOT, and TCIL aims at establishing a framework for cooperation in which of the following aspects?
India has successfully developed its first indigenously two seater flying trainer aircraft which is being developed by which of these?
Who has won her second World Championship gold under 50 kg category in the 13th edition of the IBA Women's World Boxing Championship 2023?
Which of the following initiatives is associated with the event PRAGATI-2024 hosted by the Central Council for Research in Ayurvedic Sciences (CCRAS)?
How much additional financing did the World Bank approve to support India’s lowcarbon transition?
Tel Aviv University, Israel has developed an aerogel adsorbent that can remove trace pollutants from wastewater that removes over 76 per cent of trace p...
Which of the following Indian firm has acquire fintech start-up ZestMoney for about $300 mn?
Fill in the blank: Mamta G. Sagar received the World Literary Prize from the World Organization of Writers ( WOW) in a ceremony held in _______.
________ got DSCI AISS Award for ‘ Best Security Practices in Government Sector ’ ?
Who has been appointed as the new country director for India by the Asian Development Bank (ADB)?