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TMI BlogDefinitions.X X X X Extracts X X X X X X X X Extracts X X X X ..... cate of registration granted to a foreign venture capital investor by the designated depository participant on behalf of the Board under these regulations; ] 11 [ (ba) control includes the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of shareholding or management rights or shareholders agreements or voting agreements or in any other manner; ] 12 [ (c) designated bank means a scheduled bank in India, which has been authorised by the Reserve Bank of India to act as a banker to the foreign venture capital investor; ] 13 [ (ca) designated depository participant means a person who has be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stered with the Board under the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 or under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 in the sub-category of Venture Capital Fund‟ under Category I Alternative Investment Fund. 7 [(m) Venture Capital undertaking means a domestic company: i) Which is not listed on a recognised stock exchange in India at the time of making investment; and ii) Which is engaged in the business for providing services, production or manufacture of article or things and does not include following activities or sectors: (1) non-banking financial companies, other than Core Investment Companies (CICs) in the infrastructure sector, Asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , ibid. Prior to its substitution, it read as under: (g) Foreign venture capital Investor means an investor incorporated, established outside India, which proposes to make investment in venture capital fund(s) or venture capital undertakings in India and is registered under these Regulations.‟ 5 Omitted by the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2014, w.e.f. 30.12.2014. Prior to its omission, clause (j) read as under: (j) negative list means a list of items as specified in Third Schedule; 6 Substituted by the SEBI(Alternative Investment Funds) Regulations, 2012 w.e.f. May 21, 2013. Prior to substitution it read as under: (l) Venture Capital Fund means a Fund established in the form of a Trust, a company i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re it was read as, (b) certificate means a certificate of registration granted by the Board under regulation 7; 11. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 12. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 before it was read as, (c) designated bank means any bank in India which has been permitted by the Reserve Bank of India to act as banker to the Foreign Venture Capital Investor; 13. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 14. Omitted vide Notification No. SEBI/LAD-NRO/GN/2024/203 dated 04-09-2024 w.e.f. 01-01-2025 before it was read as, of Securities 15. Substituted vide Notification No. SE ..... X X X X Extracts X X X X X X X X Extracts X X X X
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