In its 210th board meeting published in PR No.33/2025, and circular number SEBI/HO/AFD/AFD-POD-1/P/CIR/2025/128 dated 10th September, 2025, SEBI (Securities and Exchange Board of India) has approved a significant overhaul of the regulatory framework for Angel Funds under the SEBI (Alternative Investment Funds) Regulations, 2012, (“AIF Regulations”) and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”). The new set of amendments pro