Chapter VI · Procedure for Action in Case of Default
Regulation 35
Liability for action in case of default
Chapter VI · Procedure for Action in Case of Default
SEBI (Alternative Investment Funds) Regulations, 2012
In plain English
In plain English
An AIF that breaches the SEBI Act or these regulations, fails to give SEBI information it asks for, or gives false or misleading information is liable to action under the SEBI Act and the applicable regulations.
Where this sits
Regulation 35 is in Chapter VI — Procedure for Action in Case of Default 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
1 practice question on Regulation 35, each with an explanation for every option.
- Which of these makes an AIF liable to action under Regulation 35?
The regulation
35. (1) An Alternative Investment Fund which—
(a) contravenes any of the provisions of the Act or these regulations;
(b) fails to furnish any information relating to its activity as an Alternative Investment Fund as required by the Board;
(c) furnishes to the Board information which is false or misleading in any material particular;
(d) does not submit periodic returns or reports as required by the Board;
(e) does not co-operate in any enquiry, inspection or investigation conducted by the Board;
(f) fails to resolve the complaints of investors or fails to give a satisfactory reply to the Board in this behalf, shall be dealt with in the manner provided under the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
(2) Sub-regulation (1) shall not prejudice the powers of the Board to issue directions or measures under regulation 34 or under sections 11, 11B, 11D, sub-section (3) of section 12 or section 24 or Chapter VIA of the Act or under any other law for the time being in force. POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
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 35
- 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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