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of <h1>SEBI Updates Reporting Requirements for Venture Capital Funds: New Quarterly Format, No More Floppy Submissions Required.</h1> The circular issued by SEBI mandates all registered venture capital funds to submit reports on their activities using a revised format. This update supersedes the previous format outlined in a 2001 circular. The new format requires detailed quarterly submissions, including cumulative funds raised and industry-wise investment breakdowns. Reports must be submitted within three days after each calendar quarter ends, and physical submissions on floppies are no longer necessary. The circular aims to streamline reporting procedures for venture capital funds in compliance with SEBI regulations.
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