Reporting obligations for FVCIs: revised quarterly format, mandatory submissions and custodian responsibility enforced. Foreign Venture Capital Investors must submit quarterly reports in a revised format for all quarters, including when no investments occur. Initial reports are to be emailed in the revised excel format and thereafter filed on the intermediary portal within the prescribed post quarter period. The template requires detailed general information about the FVCI, custody and banking details, investible funds and cumulative and quarterwise investment breakdowns by instrument, scheme and industry, and disclosure of regulatory status and any non adherence to securities laws.
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.
Reporting obligations for FVCIs: revised quarterly format, mandatory submissions and custodian responsibility enforced.
Foreign Venture Capital Investors must submit quarterly reports in a revised format for all quarters, including when no investments occur. Initial reports are to be emailed in the revised excel format and thereafter filed on the intermediary portal within the prescribed post quarter period. The template requires detailed general information about the FVCI, custody and banking details, investible funds and cumulative and quarterwise investment breakdowns by instrument, scheme and industry, and disclosure of regulatory status and any non adherence to securities laws.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
