9911796707
TMI BlogInvestment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 , notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000 , as amended from time to time (Principal Regulations). 2. Investment in India by Foreign Venture Capital Investors (FVCI), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India (FVCI) Regulations, 2000, will not require any approval from Reserve Bank of India and can invest in: a) Equity or equity linked instrument or debt instrument issued by an Indian company whose shares are not listed on a recognised stock exchange at the time of issue of the said securities/instruments and engaged in any of the following sectors: i. Biotechnology ii. IT related to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y or a registered partnership firm or a limited liability partnership) incorporated or registered in India not prior to five years, with an annual turnover not exceeding INR 25 Crores in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property and satisfying certain co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . b) The consideration for all investment by an FVCI shall be paid out of inward remittance from abroad through normal banking channels or out of sale / maturity proceeds of or income generated from investment already made as per paragraph 3 above. c) There will be no restriction on transfer of any security/instrument held by the FVCI to any person resident in or outside India. 6. An enti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (E) dated April 28, 2016. 9. The directions contained in this circular have been issued under section 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Shekhar Bhatnagar) Chief General Manager-in-Charge - Circular - Trade Notice - Public Not ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
