SEBI has launched the GARUDA mechanism to expedite the filing and launch procedures for Alternative Investment Funds (AIF), effective immediately under revised AIF regulations.
SEBI Introduces GARUDA for AIF Scheme Launch
The Securities and Exchange Board of India (SEBI) has officially introduced the GARUDA mechanism aimed at expediting the procedures for filing and launching Alternative Investment Funds (AIF). This initiative is effective immediately under the amended AIF regulations.
Garuda is expected to streamline the application process for AIFs, thereby facilitating quicker approvals and launches. This aligns with SEBI's objective of enhancing the ease of doing business in the financial services sector and encouraging investment opportunities.
Legal professionals advising on AIF matters should familiarize themselves with this new mechanism, as it presents new pathways for expediting investments and aiding fund managers in navigating regulatory compliance.
By leveraging GARUDA's streamlined approach, practitioners can potentially facilitate faster service for their clients, thereby enhancing operational efficiencies in managing AIFs.
Citations
- SEBI (2026) SEBI Circular
