![]() ![]() The following highlights selected provisions of the Final Rules most relevant to our private fund clients. On June 22, 2011, the Securities and Exchange Commission (the "SEC") adopted Final Rules (the "Final Rules") 1 implementing amendments to the Investment Advisers Act of 1940 (the "Advisers Act") 2 effected by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"). ![]() Sebi wants to track money flowing into PE, VC funds At a meeting with select industry persons and domain experts a fortnight ago, senior officials of the Securities and Exchange Board of India (Sebi) said new regulations are being explored to monitor the investments in AIFs, two persons aware of the deliberations told ET.General.Bain Capital Private Equity to acquire Porus Labs Founded in 1994 in Hyderabad, Porus Labs is active in segments such as speciality polymers, electronic chemicals and agrochemicals.AI startup Cohere raises $270 million in Nvidia-backed funding round Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, said on Thursday it had raised $270 million in a funding round backed by Nvidia, Oracle and Salesforce Ventures, among others.Decoded: Why Sequoia decided to split into three The termination of this once highly successful partnership that scoured the consumer internet and tech universe and unearthed multi baggers would mean that other than Accel Partners and Lightspeed Venture which itself is beset with a bleeding India portfolio, none of the top 10 VCs worldwide are in India anymore.They included Brightcom Group, Research Guru, Umesh Kumar Pandey of Aurostar Investment Advisory Services, Capital Ways Investment Adviser, and Elite Investment Advisory Services. Sebi mentioned that 12 entities have pending complaints for over three months on SCORES as of 31 May. ![]() The average complaint resolution time was 31 days. Moreover, 28 complaints were pending for over three months related to investment advisers, minimum public shareholding, takeover/restructuring, research analysts, corporate governance/listing conditions and venture capital funds. As of the beginning of May, 2,984 complaints were pending, and 2,626 new complaints were received.
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