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TMI BlogInvestment in an Indian Venture Capital Undertaking by a registered Foreign Venture Capital Investor - [See Regulation 5(5)]X X X X Extracts X X X X X X X X Extracts X X X X ..... ed instruments or debt instruments, issued by an Indian company engaged in any sector mentioned at Annex to this Schedule and whose shares are not listed on a recognised stock exchange at the time of issue of the said securities/instruments; (b) equity or equity linked instruments or debt instruments issued by a startup, irrespective of the sector in which it is engaged; (c) units of a Venture Capital Fund (VCF) or of a Category I Alternative Investment Fund (Cat-I AIF) or units of a scheme or of a fund set up by a VCF or by a Cat-I AIF; subject to the terms and conditions as may be laid down by the Reserve Bank. Note: An FVCI registered under the SEBI (FVCI) Regulations, 2000 shall not require any prior approval of RBI for investmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ware development 3. Nanotechnology 4. Seed research and development 5. Research and development of new chemical entities in pharmaceutical sector 6. Dairy industry 7. Poultry industry 8. Production of bio-fuels 9. Hotel-cum-convention centres with seating capacity of more than three thousand. 10. Infrastructure sector. (This will include activities included within the scope of the definition of infrastructure under the External Commercial Borrowing guidelines / policies notified under the extant FEMA Regulations as amended from time to time).] ***************************** Note : 1. Schedule 6 has been added vide Notification No. 032/2000 dated 26/12/2000 2. Inserted vide Notification No. FEMA. 242/2012-RB Dated 19-10-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated therein.] 3. The amount of consideration for investment in VCFs/IVCUs shall be paid out of inward remittance from abroad through normal banking channels or out of funds held in an account maintained with the designated branch of an authorised dealer in India in accordance with Para 2. 2. Maintenance of account by the registered FVCI for investment in IVCUs/ VCFs or schemes/funds set up by the VCFs. The Reserve Bank may, on applications, permit a FVCI which has received 'in principle' registration from SEBI to open a Foreign Currency Account and/or a Rupee Account with a designated branch of an authorised dealer with the following permissible transactions: (i) Crediting inward remittance received through normal banking chan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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