SEBI extends angel funds compliance deadline after AIF industry requests
SEBI just gave angel funds a breather.
Now angel funds registered with SEBI on or before September 10, 2025, have until March 31, 2027 (instead of September 8, 2026) to follow the new rule that says only accredited investors can chip in.
This extension comes after representations from the Alternative Investment Fund (AIF) industry seeking additional time to adjust.
Up to 200 nonaccredited investors allowed
Until the new deadline, eligible angel funds can still take money from up to 200 nonaccredited investors.
After that, only accredited investors get to join in on new deals.
If you invested before the cutoff, don't worry; your investment stays valid under current agreements.
For any angel fund registered after September 10, 2025, it's accredited investors only from day one.
All these changes are part of SEBI's updated framework announced last year and now officially in effect.