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        SEBI

        SEBI amended the Foreign Venture Capital Investors Regulations...

        Foreign Venture Capital Investor fee rules updated with rupee-based amounts, revised payment timing, and faster remittance obligations.

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                          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.
                                SEBI amended the Foreign Venture Capital Investors Regulations to revise registration and fee mechanics. The Second Schedule now replaces specified US dollar fee amounts with rupee amounts expressed in eligible foreign exchange equivalent, shifts payment timing to before grant of registration where applicable, and changes the remittance timeline for designated depository participants. DDPs must remit fees collected from foreign venture capital investors to SEBI within five working days of grant of initial registration, or within five working days of receipt of renewal or late fees, together with prescribed details. The amendments take effect on the 180th day after publication.
                                Note: It is a system-generated summary and is for quick reference only.
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