SEBI (Securities and Exchange Board of India) issued Circular SEBI/HO/IMD/DF6/CIR/P/2021/565 dated 21 May 2021 to enhance the allowable limit for overseas investments by AIFs (Alternate Investment Funds) and VCFs (Venture Capital Funds). This circular is issued in exercise of powers conferred under Section 11(1) of the SEBI Act, 1992 implemented to protect the investor’s interest in securities and to promote the development and regulation of the securities market.

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