Shagoofa Rashid Khan

National Head - Funds, Investments and Advisory and Partner in the Mumbai office of Cyril Amarchand Mangaldas. Shagoofa has over 19 years of experience across structuring funds (domestic and offshore), managed accounts, fund documentation, acquisitions / exits / restructuring / joint ventures and strategic initiatives. She has been recognised as “Leading Lawyer” under the “Corporate/M&A” and “Investment Funds” rankings in The Guide to Asia-Pacific’s Leading Lawyers (2017 edition), a publication of the Legal Media Group, Asia Law & Practice. She can be reached at shagoofa.khan@cyrilshroff.com.

Firm/Organization: Cyril Amarchand Mangaldas

Blogs: India Corporate Law

Latest Articles

India Corporate Law

It’s the Final Countdown: Achievements by and Expectations of the AIF Industry

By Shagoofa Rashid Khan on January 24, 2018

Morning Mumbai mist, hot coffee and the 1986 song ‘The Final Countdown’ by Europe is playing in the background – life seems blissful! And it was mostly so for the Alternative Investment Funds (AIFs) industry. As we begin the run-up to Budget 2018, we look back at the milestones crossed in 2017 and the goalposts set for 2018 – and we focus on the key hits, misses and asks of the AIF industry. 2017: Key Highlights Investment by Banks…

India Corporate Law

The Empire Strikes Back: Strict Compliance with SEBI AIF Regulations

By Shagoofa Rashid Khan on December 19, 2017

Taking cue from Yoda, the adjudication officer of Securities and Exchange Board of India (SEBI) has ordained “Do or do not, there is no try”. This means there can be no halfway compliance with SEBI (Alternative Investment Funds) Regulations, 2012 and circulars issued therein (the AIF Regulations). The November-end order of the SEBI Adjudicating officer (AO) in the case of the SREI Multiple Investment Trust (the Fund) not only provides an insight into the regulator’s…

India Corporate Law

It’s a Yes – for Banks!

By Shagoofa Rashid Khan on September 28, 2017

The RBI has amended the Master Directions on Financial Services provided by Banks. This is a significant move permitting Banks to invest in Category II Alternative Investment Funds. As of June 30, 2017, Alternative Investment Funds (AIFs) had raised the cumulative figure of Rs. 48, 129 crores, against aggregate capital commitments of Rs 96,000 crores. The AIF industry is thus growing at an exponential rate, raising monies from domestic and offshore investors. Unfortunately, however, the…

India Corporate Law

2016, The AIF Industry In Retrospect

By Shagoofa Rashid Khan on December 30, 2016

“Raindrops on roses and whiskers on kittens Bright copper kettles and warm woollen mittens Brown paper packages tied up with strings These are a few of my favourite things…” Hearing my niece practice this iconic song made me introspect on the year gone by. So, here are select highlights of 2016 from the Alternative Investment Funds (AIFs) industry perspective. Regulatory developments 2016 started with Report 1 of the Alternative Investment Policy Advisory Committee (AIPAC), and…

India Corporate Law

AIPAC Report 2: Bag Of Goodies and Festive Cheer for the AIF Industry

By Shagoofa Rashid Khan on December 12, 2016

In March 2015, the Securities and Exchange Board of India (SEBI) constituted a standing Alternative Investment Policy Advisory Committee (AIPAC) under the chairmanship of Shri. N. R. Narayana Murthy. AIPAC submitted its first report in January 2016 and its second report was released by SEBI on December 1, 2016 (Report 2) for public comments. The Alternative Investment Fund (AIF) industry has been growing exponentially. The cumulative funds raised increasing from Rs 3,841 crores (approximately, USD…

Shagoofa Rashid Khan

It’s the Final Countdown: Achievements by and Expectations of the AIF Industry

The Empire Strikes Back: Strict Compliance with SEBI AIF Regulations

It’s a Yes – for Banks!

2016, The AIF Industry In Retrospect

AIPAC Report 2: Bag Of Goodies and Festive Cheer for the AIF Industry

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