Chapter III-C · Corporate Debt Market Development Fund
Regulation 19O
Registration of the Corporate Debt Market Development Fund
Chapter III-C · Corporate Debt Market Development Fund
SEBI (Alternative Investment Funds) Regulations, 2012
In plain English
In plain English
The CDMDF is set up as a trust with a registered trust deed and registers as an AIF under Chapter II. Its placement memorandum is filed with SEBI, and SEBI's comments must be incorporated before the fund is launched.
Where this sits
Regulation 19O is in Chapter III-C — Corporate Debt Market Development Fund of the SEBI (Alternative Investment Funds) Regulations, 2012.
Provisos, explanations and conditions
Quoted from the regulation text. These qualify or carve out exceptions to the main rule.
Provided that the tenure may be extended with the prior approval of the Board.
What changed
No change to this regulation by the 2026 amendments (No. 303 of 16 April 2026 and No. 313 of 10 July 2026).
Where it connects
The text of this regulation does not refer to other numbered regulations.
Chapter
Check yourself
1 practice question on Regulation 19O, each with an explanation for every option.
- In what legal form is the Corporate Debt Market Development Fund set up?
The regulation
19O. (1) The Corporate Debt Market Development Fund shall be constituted in the form of a Trust and the instrument of Trust shall be in the form of a deed duly registered under the provisions of the Indian Registration Act, 1908.
(2) The Corporate Debt Market Development Fund shall apply for registration as an Alternative Investment Fund in accordance with the provisions of Chapter II of these regulations.
(3) The placement memorandum of the Corporate Debt Market Development Fund shall be filed with the Board.
(4) The Board may communicate its comments, if any, to the Manager prior to the launch of the fund and the Manager shall incorporate the comments in the placement memorandum prior to the launch of the fund.
(5) The Corporate Debt Market Development Fund shall be a close ended fund, with a tenure of fifteen years from the date of its first closing:
Provided that the tenure may be extended with the prior approval of the Board.
(6) The Corporate Debt Market Development Fund shall be wound up with the prior approval of the Board.
Text from the consolidated Regulations. Square brackets and [***] mark earlier amendments and omissions, as in the official text. Check the official Gazette text before relying on it.
Last checked against source on 10 October 2026: consolidated Regulations to 19 November 2025, read with Amendment Regulations No. 303 (16 April 2026) and No. 313 (10 July 2026).
Source and verification
- Instrument
- SEBI (Alternative Investment Funds) Regulations, 2012 — Regulation 19O
- Text used
- Consolidated Regulations as amended up to 19 November 2025, read with the 2026 amendments (no change to this regulation)
- Last checked
- 10 October 2026
- Official source
- www.sebi.gov.in → Legal → Regulations. The Gazette text prevails.
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