Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000 Chapters List Chapter II REGISTRATION OF FOREIGN VENTURE CAPITAL INVESTORS This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Regulation 4 - Eligibility Criteria. - Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations 2000Extract Eligibility Criteria. 4. (1) For the purpose of the grant of a certificate to an applicant as a Foreign Venture Capital Investor, the Board shall consider the following conditions for eligibility, namely:- (a) the applicants track record, professional competence, financial soundness, experience, general reputation of fairness and integrity. (b) Whether the applicant has been granted necessary approval by the Reserve Bank of India for making investments in India; 1 [* * *] (c) whether the applicant is an investment company, investment trust, investment partnership, pension fund, mutual fund, endowment fund, university fund, charitable institution or any other entity incorporated outside India; or (d) whether the applicant is an asset management company, investment manager or investment management company or any other investment vehicle incorporated outside India; 2 [* * *] (e) whether the applicant is authorised to invest in venture capital fund or carry on activity as a 3 [foreign venture capital investors]; 4 [or Alternative Investment Fund] 5 [* * *] (f) whether the applicant is regulated by an appropriate foreign regulatory authority or is an income tax payer; or submits a certificate from its banker of its or its promoter s track record where the applicant is neither a regulated entity nor an income tax payer. (g) the applicant has not been refused a certificate by the Board. (h) whether the applicant is a fit and proper person. ********** 1 Word or omitted by the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2001, w.e.f. 7-6-2001. 2 Word or omitted, ibid. 3 Substituted for venture capital fund , ibid. 4 Inserted by the SEBI(Alternative Investment Funds) Regulations, 2012 w.e.f. May 21, 2013. 5 Word or omitted, ibid.
|