N S Mehta & Associates

Alternative Investment Funds (AIFs)

End-to-end AIF support aligned with SEBI and RBI expectations.

Alternative Investment Funds (AIFs)

Specialized support for AIF schemes covering audit, investor documentation checks, PPM audit, taxation workflows, and SEBI/RBI compliance reporting.

Our AIF-focused scope is designed for fund managers who need reliable execution across audit, taxation, and regulatory compliance workstreams.

Audit and Assurance Services

  • Comprehensive verification of investor agreements, commitment letters, and receipt of investment amounts.
  • Review of unit allotments to ensure consistency with allotment basis and governing agreements.
  • Verification of investment documents, including demat/holding statements and year-end investment checks.
  • Examination of scheme-level accounting records for income and expenses.
  • Audit of the scheme financial statements for the year.

PPM Audit

  • Audit of the Private Placement Memorandum (PPM) in line with SEBI (AIF) Regulations, 2012 and related updates.
  • Review of classes of units in existence during the year and alignment with capital commitments and PPM terms.

Taxation Services

  • Assistance in advance tax computations.
  • Preparation and filing of withholding tax returns.
  • Preparation and filing of income tax returns.
  • Monthly computation of taxes (including capital gains and other income) for NAV determination.
  • Assistance in computing taxes allocable to investors at redemption.
  • Preparation and filing of annual FATCA/CRS returns.

SEBI and RBI Compliance

  • Review and filing support for quarterly SEBI reporting.
  • Review of Annual Compliance Test Report (ACTR).
  • Assistance in review and filing of RBI Single Master Form (SMF).
  • Assistance in preparation and filing of RBI Annual Foreign Liabilities and Assets (FLA) return.