Foreign Venture Capital Investor fee rules updated with rupee-based amounts, revised payment timing, and faster remittance obligations.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....SEBI amended the Foreign Venture Capital Investors Regulations to revise the fee framework by substituting specified US dollar amounts with rupee-denominated amounts expressed in eligible foreign exchange equivalent. The amendments also adjust the timing of fee payment so that, where applicable, payment is required before grant of registration. The revised schedule further tightens the remittance mechanism for designated depository participants, requiring remittance to SEBI within five working days together with prescribed particulars.....