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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Allows Foreign Venture Capital Investors to Invest in Indian VC Funds under FEMA Amendment.</h1> The Reserve Bank of India has issued a circular permitting registered Foreign Venture Capital Investors to invest in Indian Venture Capital Undertakings and Venture Capital Funds. This decision amends the Foreign Exchange Management Regulations, 2000, to include such investments, as per Notification No. FEMA 32/2000-RB dated December 26, 2000. Authorized dealers in foreign exchange are instructed to inform relevant parties of these changes. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, with penalties applicable for non-compliance.
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