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Investment by a Foreign Venture Capital Investor (FVCI) registered under SEBI (FVCI) Regulations 2000

FEMA - 7 - Dated:- 20-10-2016 - RBI/2016-17/89 A.P. (DIR Series) Circular No. 7 October 20, 2016 To All Category - I Authorised Dealer Banks Madam/Sir, Investment by a Foreign Venture Capital Investor (FVCI) registered under Si.EBI (FVCI) Regulations, 2000 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 20/200 .....

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ments have been carried out in Schedule 6 of Foreign Exchange Management (Transfer or Issue of security by a person resident outside India) Regulations, 2000, through Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Third Amendment) Regulations, 2016. 3. As per the Amendment Notification referred to above, any FVCI which has obtained registration under the Securities and Exchange Board of India (FVCI) Regulations, 2000, will not require any approval .....

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ry industry vii. Poultry industry viii. Production of bio-fuels ix. Hotel-cum-convention centres with seating capacity of more than three thousand x. 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). b) Equity or equity linked instrument or debt instrument issued by an Indian startup irrespective of .....

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itions given in the Regulations. c) Units of a Venture Capital Fund (VCF) or of a Category I Alternative Investment Fund (Cat-I AIF) (registered under the SEBI (AIF) Regulations, 2012) or units of a Scheme or of a fund set up by a VCF or by a Cat-I AIF. 4. It is clarified that downstream investments by a Venture Capital Fund (VCF) or a Cat-I AIF, which has received investment from FVCI, shall have to comply with the provisions for downstream investment as laid down in Schedule 11 of the Principa .....

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