Overseas venture capital investment rules permit registered VCFs to invest in foreign equity subject to SEBI allocation and compliance limits. SEBI permits registered Venture Capital Funds to invest in equity and equity linked instruments of foreign companies defined as Offshore Venture Capital Undertakings, subject to an overall USD 500 million cap and applicable regulations. VCFs must obtain SEBI prior approval via the prescribed proposal; no separate RBI permission is necessary. Investments are limited to companies with an Indian connection and up to 10% of a VCF's investible funds. Allocation is on a first come first serve basis and must be utilised within six months or may be reallocated by SEBI; FEMA amendments and RBI directions will govern implementation.
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 venture capital investment rules permit registered VCFs to invest in foreign equity subject to SEBI allocation and compliance limits.
SEBI permits registered Venture Capital Funds to invest in equity and equity linked instruments of foreign companies defined as Offshore Venture Capital Undertakings, subject to an overall USD 500 million cap and applicable regulations. VCFs must obtain SEBI prior approval via the prescribed proposal; no separate RBI permission is necessary. Investments are limited to companies with an Indian connection and up to 10% of a VCF's investible funds. Allocation is on a first come first serve basis and must be utilised within six months or may be reallocated by SEBI; FEMA amendments and RBI directions will govern implementation.
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