<ul><li>IVCA urges Venture Capital Funds (VCFs) to act on SEBI's migration framework introduced via circular dated August 19, 2024.</li><li>VCFs with schemes eligible for migration to the Alternative Investment Fund (AIF) regime as Migrated Venture Capital Funds (MVCFs) have until July 19, 2025, to submit applications.</li><li>IVCA emphasizes the importance of timely action and smooth transition for legacy VCFs under the new framework.</li><li>The migration offers operational clarity, structure for managing assets, and tailored compliance requirements, but the response has been tepid, prompting IVCA to urge eligible VCFs to evaluate and apply before the deadline.</li></ul>

IVCA urges VC Funds to act on SEBI’s migration framework before July 19, 2025

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