FVCI investment permissions updated: permitted sectors, purchase and transfer rules, and remittance procedures clarified under non-debt rules. Schedule VII authorises a Foreign Venture Capital Investor to purchase unlisted company securities in specified sectors, units of VCFs or Cat I AIFs, and equity/equity linked or debt instruments of Indian startup companies, with equity investments subject to sectoral caps, entry routes and attendant conditions. Purchases may be from issuers or holders and transfers can occur to or from residents or non residents at mutually agreed prices; liquidation proceeds of VCFs and Cat I AIFs are receivable. The Reserve Bank of India will prescribe mode of payment and conditions for remittance of sale or maturity proceeds.