Foreign Venture Capital Investment permitted into Indian venture capital funds after FEMA regulation amendment, subject to compliance and penalties. Registered Foreign Venture Capital Investors are authorised to invest in Indian Venture Capital Undertakings and Venture Capital Funds pursuant to the amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 by Notification No.FEMA 32/2000-RB dated 26 December 2000; authorised dealers must inform constituents, and these directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, with penalties for non-compliance.
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 Investment permitted into Indian venture capital funds after FEMA regulation amendment, subject to compliance and penalties.
Registered Foreign Venture Capital Investors are authorised to invest in Indian Venture Capital Undertakings and Venture Capital Funds pursuant to the amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 by Notification No.FEMA 32/2000-RB dated 26 December 2000; authorised dealers must inform constituents, and these directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, with penalties for non-compliance.
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