Company and SEBI Laws:
Earlier, SEBI had received representation to provide clarity on the classification of CDMDF under one of the defined categories under the AIF Regulations. Though SEBI has laid down a separate framework for Corporate Debt Market Development Fund (CDMDF). Now SEBI has clarified the Corporate Debt Market Development Fund (CDMDF) will be categorized as the Category-1 AIF.
Circular No. SEBI/HO/IMD/POD2/P/CIR/2024/174 dated 17.12.24
