Foreign venture capital investor obligations: must comply with SEBI rules, maintain KYC and report material changes promptly. Regulation 15A requires a foreign venture capital investor to comply with SEBI regulations and Indian laws, notify the Board and designated depository participant of any false, misleading or changed particulars including material changes in structure, ownership or control, and report regulatory actions or proceedings within specified timelines. The investor must furnish information or documents on request, obtain a Permanent Account Number, meet fit and proper criteria, perform KYC on its shareholders, and provide beneficiary ownership and other details to ensure compliance with anti money laundering standards and SEBI circulars.
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 investor obligations: must comply with SEBI rules, maintain KYC and report material changes promptly.
Regulation 15A requires a foreign venture capital investor to comply with SEBI regulations and Indian laws, notify the Board and designated depository participant of any false, misleading or changed particulars including material changes in structure, ownership or control, and report regulatory actions or proceedings within specified timelines. The investor must furnish information or documents on request, obtain a Permanent Account Number, meet fit and proper criteria, perform KYC on its shareholders, and provide beneficiary ownership and other details to ensure compliance with anti money laundering standards and SEBI circulars.
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