Investment Criteria for a Foreign Venture Capital Investor.
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....enture capital investors shall be subject to the following conditions:- (a) it shall disclose to the Board its investment strategy. (b) 1[****] it can invest its total funds committed in one venture capital fund 2[or alternative investment fund] 3[****]. (c) it shall make investments 4[****] as enumerated below: (i) atleast 5[66.67%] of the investible funds shall be invested in unlisted eq....
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.... Exchange Board of India (Alternative Investment Funds) Regulation, 2012] in which the 12[foreign venture capital investor] has already made an investment by way of equity; 13[(c) preferential allotment of equity shares of a listed company subject to lock in period of one year. 14[Provided that the investment limits of 66.67% specified under sub-clause (i) and 33.33% specified under sub-clause....
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....****** NOTES:- 1 Word "while" omitted by the SEBI (Foreign Venture capital Investors) (Amendment) Regulations, 2004, w.e.f. 5-4-2004. 2 Inserted by the SEBI(Alternative Investment Funds) Regulations, 2012 w.e.f. May 21, 2013. 3 Words "it shall however not invest more than 25% of the funds committed for investments to India in one Venture Capital Undertaking" omitted by the SEBI (Foreign Ven....


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