The main decisions include allowing Alternative Investment Funds (AIFs) to retain liquidation proceeds under specified conditions and introducing ‘inoperative fund’ status with reduced compliance requirements. Foreign Portfolio Investors (FPIs) will be permitted net settlement of funds in cash market transactions to reduce costs. The minimum investment threshold in Social Impact Funds has been reduced from Rs 2 lakh to Rs 1,000 to boost retail participation. Reforms for InvITs and REITs provide flexibility in investments, borrowings, and asset management. Amendments to the ‘fit and proper person’ criteria relax automatic disqualifications while maintaining regulatory safeguards.