Foreign venture capital negative list restricts certain sectors, excluding specified NBFCs and jewellery gold financing. The Third Schedule establishes a Negative List for Foreign Venture Capital Investors, prohibiting investment in non-banking financial services (excluding NBFCs registered with the RBI and classified as Equipment Leasing or Hire Purchase companies) and gold financing (excluding companies financing jewellery). It also bars activities prohibited by the Industrial Policy and any other activities the Board may specify in consultation with the Government of India.
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 negative list restricts certain sectors, excluding specified NBFCs and jewellery gold financing.
The Third Schedule establishes a Negative List for Foreign Venture Capital Investors, prohibiting investment in non-banking financial services (excluding NBFCs registered with the RBI and classified as Equipment Leasing or Hire Purchase companies) and gold financing (excluding companies financing jewellery). It also bars activities prohibited by the Industrial Policy and any other activities the Board may specify in consultation with the Government of India.
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