AMENDMENT OF REGULATIONS

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... after the words venture capital fund and before the words and , the words , Alternative Investment Fund shall be inserted; (ii) In regulation 37, in the proviso, clause (b) shall be substituted with the following namely, - (b) equity shares held by a venture capital fund or alternative investment fund of category I or a foreign venture capital investor: Provided that such equity sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng namely, - (m) Venture Capital undertaking means a venture capital undertaking as defined under clause(aa) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. (c) In sub-regulation (2), after the words Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 the words and numbers .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ard of India (Substantial Acquisitions of Shares and Takeover) Regulations, 2011. (i) In regulation 2, in sub-regulation (1), in clause (q),in sub-clause (2) after item (viii) the following new item shall be inserted namely, - (viiia) an alternative investment fund and its sponsor, trustees, trustee company and manager; (ii) In regulation 10, in sub-regulation (4), in clause (f) the wo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X