Overseas investment by venture capital funds permitted subject to SEBI allocation and RBI/SEBI conditions for investments in foreign companies. Indian Venture Capital Funds registered with SEBI are permitted to invest in equity and equity linked instruments of offshore venture capital undertakings subject to an overall external limit and to SEBI regulations; SEBI will allocate limits to individual VCFs and may impose terms and conditions. SEBI registered domestic VCFs must obtain SEBI's prior approval for offshore investments and need no separate Reserve Bank permission. The SEBI (VCF) Amendment, 2006 defines 'foreign company' and permits VCF investments in securities of foreign companies subject to RBI and SEBI conditions.
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.
Overseas investment by venture capital funds permitted subject to SEBI allocation and RBI/SEBI conditions for investments in foreign companies.
Indian Venture Capital Funds registered with SEBI are permitted to invest in equity and equity linked instruments of offshore venture capital undertakings subject to an overall external limit and to SEBI regulations; SEBI will allocate limits to individual VCFs and may impose terms and conditions. SEBI registered domestic VCFs must obtain SEBI's prior approval for offshore investments and need no separate Reserve Bank permission. The SEBI (VCF) Amendment, 2006 defines "foreign company" and permits VCF investments in securities of foreign companies subject to RBI and SEBI conditions.
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