https://www.taxtmi.com/notifications?id=119220 The amendment inserts a Cat I AIF definition and a detailed startup definition, and revises FVCI rules: SEBI registered Foreign Venture Capital Investors may invest in unlisted Indian companies in specified sectors and in any startup, acquire units of VCFs or Cat I AIFs, and make purchases from issuers, holders or on recognised exchanges without prior RBI approval. Consideration must come via inward remittance or proceeds/income from prior investments; designated foreign currency/rupee accounts may be maintained solely for Schedule transactions; transfers may be made to residents or nonresidents at mutually agreed prices; and reporting to RBI or SEBI is required. en-us Thu, 28 Apr 2016 00:00:00 +0530 Thu, 05 May 2016 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119220 The amendment inserts a Cat I AIF definition and a detailed startup definition, and revises FVCI rules: SEBI registered Foreign Venture Capital Investors may invest in unlisted Indian companies in specified sectors and in any startup, acquire units of VCFs or Cat I AIFs, and make purchases from issuers, holders or on recognised exchanges without prior RBI approval. Consideration must come via inward remittance or proceeds/income from prior investments; designated foreign currency/rupee accounts may be maintained solely for Schedule transactions; transfers may be made to residents or nonresidents at mutually agreed prices; and reporting to RBI or SEBI is required. Notifications FEMA Thu, 28 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119220