SEBI approves 'GARUDA' mechanism for ease of doing business
This story was originally published at 20:22 IST on 19 June 2026
Register to read our real-time news.Informist, Friday, Jun. 19, 2026
MUMBAI – The Securities and Exchange Board of India Friday has approved 'GARUDA' or 'Green-Channel: AIF Rollout Upon Document Acknowledgement' mechanism for processing of placement memorandum of alternative investment funds. This scheme is to enable the regulator's ease of doing business measure, SEBI said after concluding its board meeting Friday.
"In continuation of recent initiative taken by SEBI to reduce the timelines for launch of schemes, to enable faster and more efficient deployment of capital by AIFs, the Board has approved GARUDA," the regulator said.
In view of this measure, the regulator reduced the timeline for the launch of non-accredited investor schemes, which excludes large-value funds and accredited investors-only schemes and angel funds to 10 working days from 30 days earlier. Accredited investors-only schemes and angel funds have been exempted from filing Private Placement Memorandum through merchant banker and permitted to launch immediately upon grant of SEBI registration or filing of the memorandum with SEBI. End
Reported by J. Navya Sruthi
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
