Chapter V · Inspection
Regulation 31
Notice before inspection
Chapter V · Inspection
SEBI (Alternative Investment Funds) Regulations, 2012
In plain English
In plain English
SEBI gives an AIF at least ten days' notice before an inspection. If SEBI is satisfied that notice would not be in investors' interest, it can order an inspection without notice, by a written order.
Where this sits
Regulation 31 is in Chapter V — Inspection of the SEBI (Alternative Investment Funds) Regulations, 2012.
Provisos, explanations and conditions
This regulation has no provisos or explanations in its text. Check Connections for other provisions it refers to.
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
Provisions this regulation refers to
Chapter
Check yourself
2 practice questions on Regulation 31, each with an explanation for every option.
- How much notice does SEBI normally give before inspecting an AIF?
- True or false: SEBI can inspect without notice if it is satisfied that this is in investors' interest.
The regulation
31. (1) Before ordering an inspection under regulation 30, the Board shall give not less than ten days notice to the Alternative Investment Fund.
(2) Notwithstanding anything contained in sub-regulation (1) where the Board is satisfied that in the interest of the investors no such notice should be given, it may by an order in writing direct that the inspection of the affairs of the Alternative Investment Fund be taken up without such notice.
(3) During the course of an inspection, the Alternative Investment Fund against whom the inspection is being carried out shall be bound to discharge its obligations as provided in regulation 32.
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 31
- 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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