Quarterly Reporting by Venture Capital Funds (VCF) - SEBI - SEBI/IMD/DOF-1/VCF/CIR-1/2010

DEPUTY GENERAL MANAGER INVESTMENT MANAGEMENT DEPARTMENT DIVISION OF FUNDS-1 SEBI/IMD/DOF-1/VCF/CIR-1/2010 January 11, 2010 All SEBI Registered Venture Capital Funds Dear Sir/ Madam, Sub: Quarterly Reporting by Venture Capital Funds (VCF) 1. Please refer to SEBI circular No SEBI/MFD/VCF/CIR no 1/7352/03 dated April 29, 2003 regarding submission of quarterly report on venture capital activity in the prescribed format. 2. Format for the quarterly report on venture capital activity to be submitted by Venture Capital Funds has been revised as per enclosed Annexure. In accordance with Regulation 22 of SEBI (Venture Capital Funds) Regulations, 1996, all venture capital funds are directed to submit the report on venture capital activity to SEBI, complete in all respects in the new format with effect from the quarter ended 31st March, 2010. 3. The report is to be uploaded online on SEBI portal within 7 days from the end of each calendar quarter. Physical copies of the report are not required to be submitted. 4. This circular is issued in exercise of powers conferred by sub-section (1) of section 11 and section 11A of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 5. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework and Venture Capital . Yours faithfully, Maninder Cheema VCF Quarterly Reporting Format A General information Name of the VCF Name of the Trustee (Applicable only if the VCF is a trust) Total Corpus of the Fund (in Rs. Crore) Total Investible Funds (in Rs. Crore) 1 1 Refer to VCF Regulations for explanation B Report upto the quarter ended (March/ June/ Sep/ Dec) Year Cumulative details of the funds raised invested by all schemes under the fund Brief details of the Fund/Scheme (All figures in Rs. Crore) Name of Scheme /fund Commitment of Funds Cumulative funds raised by scheme/fund Cumulative Investments made by the scheme/fund At the beginning of the quarter Additions during the quarter At the end of the quarter At the beginning of the quarter (a) Additions during the quarter (b) Divestments during the quarter (c) At the end of the quarter (a+b-c) Total 2 Investment details Name of Scheme /fund Cumulative Investments made by the schemes/fund under Sec 12 (d) (i) of VCF Regulations 2 Cumulative Investments made by the schemes/fund under Sec 12 (d) (ii) of VCF regulations Total Investment (Rs. Crore) (A+B+C+D) Investments (Rs. Crore) (A) % of Total Investible Funds in (A) In Listed companies (Rs. Crore) (B) In Debt (Rs. Crore) (C) In SPVs (Rs. Crore) (D) Total (Rs. Crore) (B+C+D) % of total Investible Funds in (B+C+D) Total 2 investment in equity/ equity linked instruments of unlisted Companies3 Details of overseas investments, if any Cumulative Investments made by the Scheme Overseas (in USD) Name of the offshore venture capital undertaking 3 Limit Sanctioned (in US $) Date Sanctioned Amount Invested (in US $) (A) Date of Investment % of investible funds in (A) Total 3 Refer to VCF Regulations for explanation 4. Maximum Investment in a single venture capital undertaking Maximum investment in a single venture capital undertaking 4 Name of the VCU Amount invested (in Rs. Cr) Amount of investment as a % of total corpus 4 Refer to VCF Regulations for explanation 5. Categories of investors Category Number of Investors % to total Investors Cumulative funds raised by fund (Rs. Crore) % to total Cumulative funds raised by scheme/fund Individuals NRIs FIIs FVCIs Corporates/ Institutions/ Others Total 6 Industry-wise investment break-up (All figures in Rs. Crore) Industry At the beginning of the quarter (a) Additions during the quarter (b) Divestments during the quarter (c) At the end of the quarter (a+b-c) Information Technology Telecommunication Pharmaceuticals Biotechnology Media/Entertainment Services Sector Industrial Products Others (dropdown as below) Total Other sectors: 1 Auto/ Auto Ancillary 2 Banking and financial services (Excluding NBFCs) 3 NBFC 4 Electrical Engg./ Outsourced engineering services 5 FMCG/Food and beverages 6 Healthcare 7 Real estate 8 Energy/ Power Plants/ power generation and transmission/Non-conventional energy 9 Roads/Bridges 10 Railways 11 Industrial Parks/SEZ 12 Urban Infrastructure (water supply, sanitation and sewage products) 13 Mining, exploration and refining 14 Shipping and Ports 15 Logistics 16 Education 17 Packaging 18 Textiles 19 Retail 20 Agriculture 21 Chemicals/Petrochemicals/Plastic/Rubber 22 Nanotechnology 23 Seed Research Development 24 Dairy industry 25 Poultry industry 26 Production of bio fuels 27 Hotel-cum-conventional centers with more than 3,000 seats 28 R D of new chemical entities in pharma sector 29 Hotels/Travel/ Hospitality (Other than in (27) above) Option to add sectors included