Negative list for venture capital funds prohibits certain activities including specified non-banking financial services and gold financing. The Third Schedule to the SEBI (Venture Capital Funds) Regulations, 1996 establishes a Negative List forbidding venture capital funds from undertaking specified activities: non-banking financial services (with an exception for RBI-registered NBFCs categorized as Equipment Leasing or Hire Purchase Companies), gold financing (with an exception for companies financing gold for jewellery), activities barred by industrial policy, and 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.
Negative list for venture capital funds prohibits certain activities including specified non-banking financial services and gold financing.
The Third Schedule to the SEBI (Venture Capital Funds) Regulations, 1996 establishes a Negative List forbidding venture capital funds from undertaking specified activities: non-banking financial services (with an exception for RBI-registered NBFCs categorized as Equipment Leasing or Hire Purchase Companies), gold financing (with an exception for companies financing gold for jewellery), activities barred by industrial policy, and other activities the Board may specify in consultation with the Government of India.
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