GARUDA mechanism
Also written: GARUDA, Green-Channel AIF Rollout Upon Document Acknowledgement, SEBI GARUDA
What is GARUDA mechanism in an Indian AIF?
GARUDA lets an AIF launch a regular scheme ten working days after filing its placement memorandum with SEBI, unless SEBI advises otherwise, with a SEBI-registered merchant banker certifying the disclosures instead of SEBI issuing comments. Accredited-investor-only funds, large value funds and angel funds launch immediately on filing.
Authority: SEBI circular HO/19/19/11(2)2026-AFD-RAC2/I/17617/2026 dated 30 July 2026
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