https://www.taxtmi.com/circulars?id=59230 SEBI permits registered Venture Capital Funds to invest in equity and equity linked instruments of foreign companies defined as Offshore Venture Capital Undertakings, subject to an overall USD 500 million cap and applicable regulations. VCFs must obtain SEBI prior approval via the prescribed proposal; no separate RBI permission is necessary. Investments are limited to companies with an Indian connection and up to 10% of a VCF's investible funds. Allocation is on a first come first serve basis and must be utilised within six months or may be reallocated by SEBI; FEMA amendments and RBI directions will govern implementation. en-us Thu, 09 Aug 2007 00:00:00 +0530 Mon, 21 Jan 2019 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59230 SEBI permits registered Venture Capital Funds to invest in equity and equity linked instruments of foreign companies defined as Offshore Venture Capital Undertakings, subject to an overall USD 500 million cap and applicable regulations. VCFs must obtain SEBI prior approval via the prescribed proposal; no separate RBI permission is necessary. Investments are limited to companies with an Indian connection and up to 10% of a VCF's investible funds. Allocation is on a first come first serve basis and must be utilised within six months or may be reallocated by SEBI; FEMA amendments and RBI directions will govern implementation. Circulars SEBI Thu, 09 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59230