- within Strategy, Environment and International Law topic(s)
- with Senior Company Executives and HR
- with readers working within the Accounting & Consultancy and Law Firm industries
SEBI has released a Consultation Paper dated May 11, 2026, proposing the ‘Green-Channel: AIF Rollout Upon Document Acknowledgement’ (‘GARUDA’) mechanism to further expedite scheme launches for AIFs. Building on the fast-track mechanism introduced in April 2026, the key proposals include: (i) for regular schemes, reducing the launch timeline from 30 days to 10 working days after filing with SEBI through a merchant banker; (ii) for accredited investor only schemes (‘AI only schemes’), permitting immediate launch upon filing with SEBI, with the manager filing directly (without a merchant banker) accompanied by an undertaking from the CEO and compliance officer in lieu of the merchant banker due diligence certificate; and (iii) for angel funds, permitting immediate circulation of the PPM from the date of grant of SEBI registration.
The SEBI Board, at its meeting held on June 19, 2026, has approved the GARUDA Mechanism through amendments to the AIF Regulations.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
[View Source]