Investment Criteria for a Foreign Venture Capital Investor.

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..... ign venture capital investors shall be subject to the following conditions:- (a) it shall disclose to the Board its investment strategy. (b) 1 [* * *] it can invest its total funds committed in one venture capital fund 2 [or alternative investment fund] 3 [***]. (c) it shall make investments 4 [* * *] as enumerated below: (i) atleast 5 [66.67%] of the investible funds shall be inv .....

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..... ion (1) of regulation 2 of Securities and Exchange Board of India (Alternative Investment Funds) Regulation, 2012] in which the 12 [foreign venture capital investor] has already made an investment by way of equity; 13 [(c) preferential allotment of equity shares of a listed company subject to lock in period of one year. Explanation 1.─ For the purposes of these regulations, a fin .....

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..... erted by the SEBI(Alternative Investment Funds) Regulations, 2012 w.e.f. May 21, 2013. 3 Words it shall however not invest more than 25% of the funds committed for investments to India in one Venture Capital Undertaking omitted by the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2004, w.e.f. 5-4-2004. 4 Words in the Venture Capital Undertaking omitted, ibid. 5 Sub .....

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