Indian Securities Regulator Extends Deadline for Angel Fund Investor Rules

India's Securities and Exchange Board (SEBI) has extended the deadline for angel funds to comply with new accredited investor regulations to March 31, 2027. This extension applies to funds registered on or before September 10, 2025, which were previously required to meet the mandate by September 8, 2026.

During this extended period, these funds can offer investment opportunities to a maximum of 200 non-accredited investors. An accredited investor is defined by SEBI as an individual or entity meeting specific financial eligibility criteria.

For individuals, this includes an annual income exceeding ₹2 crore and a net worth over ₹7.5 crore, with at least ₹3.75 crore in financial assets. Trusts and corporate bodies need a net worth of ₹50 crore or more.

After the revised deadline, angel funds will no longer be permitted to accept contributions from non-accredited investors. Existing investments made by non-accredited investors will not be affected and they may continue to hold their stakes as per the fund's governing documents.