The Securities and Exchange Board of India (SEBI) has introduced the GARUDA mechanism to streamline the procedures for filing the Private Placement Memorandum (PPM) and launching Alternative Investment Fund (AIF) schemes. This is aimed at improving efficiency in the registration process.
SEBI Launches GARUDA Mechanism for AIF Scheme Expedited Launch
SEBI has initiated the GARUDA mechanism which revises the filing process for Alternative Investment Funds (AIF) Private Placement Memorandum (PPM) and scheme launches. This change, effective immediately, is expected to enhance the efficiency and timeliness of AIF scheme registrations.
The GARUDA mechanism introduces simplified procedures designed to reduce bureaucratic delays and facilitate a smoother experience for fund managers intending to launch new schemes. By improving the registration process, SEBI aims to foster a more robust investment environment and encourage the growth of the AIF sector.
Legal practitioners in the investment management space should familiarize themselves with the updated procedures under GARUDA to better advise their clients on compliance and ensure smooth launches of AIF schemes.
Citations
- SEBI Circular (2026) SEBI Regulations
