Chapter II · Registration of Alternative Investment Funds
Regulation 6
Procedure for grant of Certificate
Chapter II · Registration of Alternative Investment Funds
SEBI (Alternative Investment Funds) Regulations, 2012
In plain English
In plain English
SEBI grants registration in a specific category once it is satisfied that the requirements are met and the registration fee in the Second Schedule is paid. The certificate is issued in Form B and can carry conditions. Where everything except the trust-deed registration or LLP incorporation condition is met, SEBI can give in-principle approval; those conditions must then be completed within six months before the certificate is granted.
Where this sits
Regulation 6 is in Chapter II — Registration of Alternative Investment Funds 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 applicant shall comply with clause (c) or clause (d) of regulation 4, as the case may be, within six months from the date of grant of in-principle approval and upon compliance with the same, the Board may grant a certificate of registration under subregulation (2).
What changed
No change to this regulation by the 2026 amendments (No. 303 of 16 April 2026 and No. 313 of 10 July 2026).
Words in square brackets in the official text mark earlier amendments made before 2026. Their earlier wording is not shown because it has not been verified here.
Where it connects
Provisions this regulation refers to
Related Master Circular chapters (by subject)
Chapter
Check yourself
12 practice questions on Regulation 6, each with an explanation for every option.
- In which form is the certificate of registration granted?
- True or false: SEBI grants the certificate of registration on receipt of the registration fee in the Second Schedule.
- True or false: SEBI may grant registration subject to conditions.
- When can SEBI grant in-principle approval under Regulation 6(4)?
- Within what time must an applicant with in-principle approval meet clause (c) or (d) of Regulation 4?
The regulation
6. (1) The Board may grant certificate under any specific category of Alternative Investment Fund, if it is satisfied that the applicant fulfills the requirements as specified in these regulations.
(2) The Board shall, on receipt of the registration fee as specified in the Second Schedule, grant a certificate of registration in Form B.
(3) The registration may be granted with such conditions as may be deemed appropriate by the Board. [(4) The Board may, on being satisfied that the applicant complies with the provisions of regulation 4 except those of clause (c) or clause (d) thereof, as the case may be, grant an inprinciple approval to the applicant:
Provided that the applicant shall comply with clause (c) or clause (d) of regulation 4, as the case may be, within six months from the date of grant of in-principle approval and upon compliance with the same, the Board may grant a certificate of registration under subregulation (2).
(5) An Alternative Investment Fund that has been granted in-principle approval may accept commitments from investors but shall not accept any monies till it is granted registration under sub-regulation (2) of this regulation.]
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 6
- 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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