Chapter VII · Miscellaneous
Regulation 36
Power of the Board to issue clarifications
Chapter VII · Miscellaneous
SEBI (Alternative Investment Funds) Regulations, 2012
In plain English
In plain English
To remove difficulties in applying or interpreting these regulations, SEBI can issue clarifications and guidelines through circulars, including separate circulars, guidelines or frameworks for each category of AIF. This is the source of the Master Circular for AIFs.
Where this sits
Regulation 36 is in Chapter VII — Miscellaneous 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
The text of this regulation does not refer to other numbered regulations.
Chapter
Check yourself
1 practice question on Regulation 36, each with an explanation for every option.
- Under which regulation does SEBI issue clarifications and circulars, such as the Master Circular for AIFs?
The regulation
36. In order to remove any difficulties in the application or interpretation of these regulations, the Board may issue clarifications and guidelines in the form of circulars or issue separate circular or guidelines or framework for each category of Alternative Investment Funds.
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 36
- 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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