The SEBI has issued a circular no. SEBI/HO/AFD/AFD-POD1/P/CIR/2025/128 dated September 10, 2025, pertaining to revised regulatory framework for Angel Funds under AIF Regulations. With the objective of improving ease of doing business, enhancing risk reduction and providing operational clarity to Angel Funds, Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) have been amended and notified on September 09, 2025, to prescribe the revised regulatory framework for Angel Funds. In this context, the specific conditions and modalities with respect to various provisions pertaining to Angel Funds are being prescribed by way of this circular.
