Entries by Staff

Partly Paid Shares – Whether Doppelganger of Share Warrants?

December 31, 2025 /0 Comments/in , , , /by

– Pammy Jaiswal and Saket Kejriwal | corplaw@vinodkothari.com Background In recent times, the use of partly-paid shares has seen some traction[1] where several listed companies[2] came up with issuance of partly-paid shares[3]. While the law provides for the issuance of partly-paid securities, it is important to understand how this instrument has not been used merely […]

A Guide for AIF Managers on Investor Eligibility and Regulatory Restrictions

December 24, 2025 /0 Comments/in , , /by

Simrat Singh, Senior Executive | finserv@vinodkothari.com Introduction An AIF raises capital by issuance of units, which are privately placed.  Most AIFs follow a commitment–drawdown model, under which investors agree upfront to commit a specified amount of capital (‘committed capital’). The AIF manager then calls this committed capital, either in full or in tranches, as investment […]

Keeping It Private: Do’s and Dont’s For AIF distributors

December 24, 2025 /2 Comments/in /by

Simrat Singh and Manisha Ghosh | finserv@vinodkothari.com  Alternative Investment Funds (AIFs) are privately pooled investment vehicles that are registered with and regulated by SEBI. These funds raise capital from a group of investors and deploy it in accordance with pre-defined investment strategies that are disclosed upfront. The returns generated from such investments, after deducting applicable […]