Foreign venture capital investment pathway established, allowing registered investors to invest in Indian venture funds and undertakings under RBI/SEBI conditions. Registered Foreign Venture Capital Investors may, subject to SEBI registration and RBI permission, invest in Venture Capital Funds, Indian Venture Capital Undertakings or schemes by acquiring equity, equity linked instruments, debt or units through public offers, private placements or fund schemes; consideration must be by inward remittance or funds held with a designated authorised dealer, and RBI may permit FVCIs to maintain foreign currency and rupee accounts with specified transactional permissions.