In conversation with Kriyang Karia, Founder, Kaytes Business Consulting with Brijesh Damodaran, Founding Partner, Auxano Capital, as they deep dive into the formation of Alternative Investment Funds ( AIF’s) , its regulations , compliances , due diligence & way forward .
Also what the Investor should look out for, while investing in AIF’s & why this could be the preferred vehicle for investment !
3:14 - 4:00 -- What is an AIF? Meaning, structure and investment scope
4:00 - 4:20 -- Investment horizon- Long term view on investments
4:21 - 4:44 -- What type of investments can be made through an AIF
4:45 – 5:38 -- How is an AIF regulated?
5: 39 - 6:18 -- AIF Fund Structure Details – Investment Manager, Sponsor, Investors
6: 19 - 7:28 -- How is an AIF Set up – As a trust/LLP/ Company
7:29 – 12:06 -- Categories of AIF- CAT I, II and III, Special Situation Fund
12:56 - 13:54 -- Regulations for an Angel Fund, Under CAT 1 – What type of entities can this fund invest in
13:55 - 14:00 -- Minimum commitment requirement for an Angel Fund;
14:00 – 14:29 -- Investor’s Profile – Individual, Company (LLP, Trust, HUF)
14:30 - 15:00 -- Can a Non- Resident of India invest in an Angel AIF Fund?
15:01 - 15: 09 -- Who CANNOT invest in a CAT I Angel Fund?
15:10 – 17:08 -- Process of investment closure in a CAT I Angel Fund, with a focus on Investor’s Consent
17:09 - 18: 08 -- Exits for Investors - Structure for the same
18:41 - 19:49 -- Documentation for the Investors – Onboarding
19:50 – 21:46 -- Contribution Agreement and PPM (Private Placement Memorandum Details) - Documents shared with Investors - Terms and Conditions
21:47 – 22:53 -- Foreign Investor Requirements
22:54 – 23:32 -- Launch of Fund to First Drawdown - Process
23:33 – 24:24 -- SEBI Compliances – by the Fund
24:25 – 25:14 -- Role and Responsibility of Trustee of the Fund
25:15 – 26: 20 -- Compliance Test Report ( CTR)
26:21 – 27:25 -- Valuation Reports – SEBI regulated Mandate towards the Fund
27: 26 - 28:30 -- RBI Compliance for Foreign Investors , if any
28:32 - 30:50 -- Tax Compliances for the Fund
30:51 - 33:42 -- FATCA and CRS Compliances- Overview
33:45 - 36:29 -- FATCA Compliances
36:30 - 39:47 -- Valuations- Process
39:48 – 45:03 -- How can AIFs be set up?
45:04 - 48: 38 -- Recommendation for smooth establishment and management of an AIF
48 : 39 - 50:41 -- Kriyang’s personal experiences - in this journey