Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000 Chapter II REGISTRATION OF FOREIGN VENTURE CAPITAL INVESTORS
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Foreign venture capital investor registration obligations require compliance, custody and banking arrangements, and prompt eligibility reporting. Foreign venture capital investors must comply with the Act and regulations, appoint a domestic custodian for custody of securities, and arrange with a ... Summary
Foreign venture capital investor registration obligations require compliance, custody and banking arrangements, and prompt eligibility reporting.
Foreign venture capital investors must comply with the Act and regulations, appoint a domestic custodian for custody of securities, and arrange with a designated bank to operate a special non-resident rupee or foreign currency account. They must provide information requested by the designated depository participant for eligibility review and must notify the Board and the designated depository participant in writing within seven working days if they cease to satisfy eligibility criteria. The designated depository participant shall ascertain eligibility as prescribed by the Board, and non-eligible investors will be dealt with as the Board specifies.
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