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of <h1>Regulation 9: Permanent FVCI registration, renewal fees, penalties for default, and surrender conditions for foreign venture capital investors</h1> Regulation 9 provides that registration of a foreign venture capital investor (FVCI), granted by a designated depository participant on behalf of the Board, is permanent unless suspended, cancelled, or surrendered. FVCIs must pay renewal fees every five years from the sixth year; SWAGAT-FIs pay every ten years from the eleventh year, as per the Second Schedule. Non-payment without Indian investments deems an application for surrender. Non-payment with Indian investments requires renewal plus daily late fees up to 1.5 times the renewal fee, during which no new investments or sales are allowed. Continued default beyond thirty days may lead to suspension or cancellation, which follows the Intermediaries Regulations. FVCIs may also voluntarily surrender registration, subject to Board-approved conditions.
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