TaxTMI 
TaxTMI 
Definitions.
X X X X Extracts X X X X
X X X X Extracts X X X X
....e" means a certificate of registration granted to a foreign venture capital investor by the designated depository participant on behalf of the Board under these regulations;] 11[(ba) "control" includes the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of shareholding or management rights or shareholders agreements or voting agreements or in any other manner;] 12[(c)"designated bank" means a scheduled bank in India, which has been authorised by the Reserve Bank of India to act as a banker to the foreign venture capital investor;] 13[(ca) "designated depository par....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e fund; (j) 5[***] (k) "Schedule" means a schedule annexed to these regulations; 6[(l) "Venture Capital Fund" means a fund registered with the Board under the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 or under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 in the sub-category of "Venture Capital Fund‟ under Category I Alternative Investment Fund. 7[(m) "Venture Capital undertaking" means a domestic company: i) Which is not listed on a recognised stock exchange in India at the time of making investment; and ii) Which is engaged in the business for providing services, production or manufacture of article or things and does not inclu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....icer appointed by the Board, under regulation 16.‟ 3 Inserted by the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2004, w.e.f. 5-4-2004. 4 Substituted, ibid. Prior to its substitution, it read as under: „(g) "Foreign venture capital Investor" means an investor incorporated, established outside India, which proposes to make investment in venture capital fund(s) or venture capital undertakings in India and is registered under these Regulations.‟ 5 Omitted by the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2014, w.e.f. 30.12.2014. Prior to its omission, clause (j) read as under: "(j) "negative list" means a list of items as specified in Third Schedule;" 6 Substitu....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Investment Funds) Regulations, 2012 w.e.f. May 21, 2013. 9. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 10. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 before it was read as, "(b) "certificate" means a certificate of registration granted by the Board under regulation 7;" 11. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 12. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 before it was read as, "(c) "designated bank" means any bank in India which has been permitted by the Reserve Bank of India to act as ba....