New Delhi, June 15 -- The Securities and Exchange Board of India (Sebi) plans to approve proposals related to alternative investment funds (AIFs), share buybacks, and intraday borrowing by mutual funds at its board meeting on 19 June, three people familiar with the matter told Mint.

"The regulator is planning to close the consultation process for faster launches of AIFs and borrowing norms for mutual funds on Friday," one of these people said.

On 11 May the market regulator floated a consultation paper titled 'Green Channel: AIF Rollout Upon Document Acknowledgement' (GARUDA) Mechanism' with the aim of speeding up the launch of AIF schemes.

Under the proposal, standard AIF schemes can launch just 10 working days after filing with the r...