https://www.taxtmi.com/circulars?id=2642 Indian Venture Capital Funds registered with SEBI are permitted to invest in equity and equity linked instruments of offshore venture capital undertakings subject to an overall external limit and to SEBI regulations; SEBI will allocate limits to individual VCFs and may impose terms and conditions. SEBI registered domestic VCFs must obtain SEBI's prior approval for offshore investments and need no separate Reserve Bank permission. The SEBI (VCF) Amendment, 2006 defines "foreign company" and permits VCF investments in securities of foreign companies subject to RBI and SEBI conditions. en-us Mon, 30 Apr 2007 00:00:00 +0530 Mon, 06 Oct 2008 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2642 Indian Venture Capital Funds registered with SEBI are permitted to invest in equity and equity linked instruments of offshore venture capital undertakings subject to an overall external limit and to SEBI regulations; SEBI will allocate limits to individual VCFs and may impose terms and conditions. SEBI registered domestic VCFs must obtain SEBI's prior approval for offshore investments and need no separate Reserve Bank permission. The SEBI (VCF) Amendment, 2006 defines "foreign company" and permits VCF investments in securities of foreign companies subject to RBI and SEBI conditions. Circulars FEMA Mon, 30 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2642