Tags : AIFs SIP AIF Sebi alternative investment fund venture captial private equity maturity liquidates holdings capital investors term extension market regulator crisis AIF industry venture capital funds India liquidity legal constraints funding winter Sebi rules exit options liquidation scheme closed ended scheme in specie distribution portfolio companies equity shares convertible preference shares convertible debentures demat accounts forced in specie distribution bids challenges net asset value NAV fixed value portfolio delays hinder exit process priority distribution preferential treatment exit preferences tax liabilities swapping of units taxable event TDS long term capital gains LTCG liquidity challenges Sebi guidelines firesale substantial losses restrictions Articles of Association board of directors strategic objectives legal and regulatory concerns compliance violations conflicts remittance scheme resident individuals trusts institutional investors insurance companies non banking financial companies RBI approval foreign investors unfavourable jurisdictions double taxation avoidance agreement fair market value FMV unlisted shares merchant bankers violations write off risks complex liquidation rules startup dream