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        SEBI

        Regulation 15 - Appointment of designated bank.

        Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000
        Chapter IV
        GENERAL OBLIGATIONS AND RESPONSIBILITIES

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        Designated bank requirement requires FVCIs to use an RBI-approved bank branch for foreign currency or special non-resident rupee accounts. A Foreign Venture Capital Investor must appoint a branch of a bank approved by the Reserve Bank of India as its designated bank for opening foreign currency denominated accounts or a special non-resident rupee account.
                          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.

                                Designated bank requirement requires FVCIs to use an RBI-approved bank branch for foreign currency or special non-resident rupee accounts.

                                A Foreign Venture Capital Investor must appoint a branch of a bank approved by the Reserve Bank of India as its designated bank for opening foreign currency denominated accounts or a special non-resident rupee account.


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