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Overseas Investment by Venture Capital Funds (VCFs)

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Full Text of the Document

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.... Authorised Dealer Category - I (AD Category - I) banks is invited to para 2 of A. P. (DIR Series) Circular No. 49 dated April 30, 2007 on Overseas Investment by Indian Venture Capital Funds (VCFs). 2. It is clarified that Domestic Venture Capital Funds registered with SEBI, have been permitted to invest in equity and equity-linked instruments only of off-shore Venture Capital Undertakings. Acc....

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