Venture capital undertaking definition tightened, restricting eligible unlisted investees and excluding specified financial and prohibited activities. Amends SEBI (FVCI) Regulations by omitting clause (j) and the Third Schedule and substituting clause (m) to define venture capital undertaking as a domestic, unlisted company engaged in services or production/manufacture, excluding specified NBFCs except certain infrastructure CICs, Asset Finance Companies, Infrastructure Finance Companies registered with RBI, gold financing, activities not permitted under the industrial policy, and other activities the Board may specify in consultation with the Government of India.
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.
Venture capital undertaking definition tightened, restricting eligible unlisted investees and excluding specified financial and prohibited activities.
Amends SEBI (FVCI) Regulations by omitting clause (j) and the Third Schedule and substituting clause (m) to define venture capital undertaking as a domestic, unlisted company engaged in services or production/manufacture, excluding specified NBFCs except certain infrastructure CICs, Asset Finance Companies, Infrastructure Finance Companies registered with RBI, gold financing, activities not permitted under the industrial policy, and other activities the Board may specify in consultation with the Government of India.
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 
