Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2000

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....), and in partial modification of its notification No. FEMA 20/2000-RB dated 3rd May, 2000, the Reserve Bank of India makes the following Regulations to amend the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, namely:- Short title and commencement :- 1. (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2000. (ii) They shall come into force on their publication in the Official Gazette. Amendment of the Regulations 2. In the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (hereinafter refer....

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.... manner and subject to the terms and conditions specified in Schedule 6." Addition of new Schedule 3. In the Principal Regulations, after Schedule 5, the following Schedule shall be added, namely: - "SCHEDULE 6" [ See Regulation 5 (5) ] Investment in an Indian Venture Capital Undertaking by a registered Foreign Venture Capital Investor 1. Investment by Foreign Venture Capital Investor. 1. A registered Foreign Venture Capital Investor (FVCI) may, through the Securities and Exchange Board of India, apply to the Reserve Bank for permission to invest in Indian Venture Capital Undertaking (IVCU) or in a VCF or in a scheme floated by such VCFs. Permission may be granted by Reserve Bank subject to such terms and conditions as ....