Dedicated legal support for setting up and managing Alternative Investment Funds in India and GIFT City — covering regulatory approvals to ongoing compliance.
Our Investment Funds team specializes in setup, structuring, and compliance of Alternative Investment Funds (AIFs) in India and Gift City. With a team of seasoned legal professionals, we combine in-depth regulatory knowledge, innovative structuring capabilities, and practical expertise to help our clients navigate the complexities of fund creation and management under the SEBI (Alternative Investment Funds) Regulations, 2012, International Financial Services Centres Authority (Fund Management) Regulations, 2025 and other related regulations.
Our services cater to fund managers, institutional investors, high-net-worth individuals, family offices, and corporate entities looking to establish or invest in AIFs across all categories—Category I, II, and III or any Fund Management Entity in Gift City.
Following services are offered by VA and and/or through other relevant professionals required for the setting up of funds in India/ Gift City and their compliance thereafter:
Fund set-up services (End-to-end – legal, taxation, merchant banker, trusteeship services, share transfer agent services, custodian and other allied services).
Fund Set-up Services
Legal Services
- Understanding the investment strategy, key commercial aspects, investor profile etc. for the proposed structure
- Formation of Limited Liability Partnership in India to act as an Investment Manager
- Providing advice on the constitution, ownership/ management structure of the AIF/ FME related entities
- Assist in following fund documentation:
- Private Placement Memorandum (PPM)
- Trust Deed
- Contribution Agreement
- Investment Management Agreement
- Assist in preparation of Form A and providing responses on follow-up queries from SEBI/ IFSCA
Merchant Banker
- Liaising to appoint Merchant banker and obtain due diligence certificate from the merchant banker
Trusteeship, Share Transfer Agent, Custodian and others
- Formation of trust and Liaising to appoint trustees to provide trusteeship services
- Liaising to appoint RTA to providing services as share transfer agents for dematerialization of shares
- Liaising to appoint custodian to provide Custody and other allied services
Fund Compliance Services
In addition to the fund set-up services, we assist the clients with the ongoing compliances with RBI, SEBI, benchmarking agencies etc. We also help in audit of the PPM of the AIFs.
Key Services
- End-to-End AIF Setup — legal, taxation, trusteeship, merchant banker, custodian, and allied services
- Fund Structuring Advisory across Category I, II, and III AIFs and Fund Management Entities in GIFT City
- Fund Documentation — Private Placement Memorandum, Trust Deed, Contribution Agreement, and Investment Management Agreement
- SEBI and IFSCA Registration Assistance including Form A preparation and regulatory query responses
- Appointment and Liaison with Merchant Bankers, Trustees, RTAs, and Custodians
- Ongoing Regulatory Compliance with RBI, SEBI, and benchmarking agencies
- PPM Audit and Periodic Compliance Reviews
Reach Out To Us
Our Team
Bomi Daruwala
Joint Managing Partner
Vinay Vaish
Joint Managing Partner
Neeraj K. Jain
Senior Partner
Rohit Jain
Senior Partner
Shammi Kapoor
Senior Partner
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