Foreign venture capital investment allocation requires majority in unlisted equity, remainder allowed in IPOs, debt, or preferential allotment. Regulation 11 requires a Foreign Venture Capital Investor to disclose its investment strategy and fund life-cycle, permits investment in a single venture capital fund or alternative investment fund, and mandates that at least 66.67% of investible funds be invested in unlisted equity or equity-linked instruments of qualifying investee companies while up to 33.33% may be used for IPO subscriptions of proposed listings, debt instruments in investees where equity exists, or preferential allotment of listed equity subject to lock-in; these allocation mandates must be achieved by the end of the fund's life cycle.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign venture capital investment allocation requires majority in unlisted equity, remainder allowed in IPOs, debt, or preferential allotment.
Regulation 11 requires a Foreign Venture Capital Investor to disclose its investment strategy and fund life-cycle, permits investment in a single venture capital fund or alternative investment fund, and mandates that at least 66.67% of investible funds be invested in unlisted equity or equity-linked instruments of qualifying investee companies while up to 33.33% may be used for IPO subscriptions of proposed listings, debt instruments in investees where equity exists, or preferential allotment of listed equity subject to lock-in; these allocation mandates must be achieved by the end of the fund's life cycle.
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