Foreign Venture Capital Investor means an investor incorporated and 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.
Eligibility Criteria
the applicants track record, professional competence, financial soundness, experience, general reputation of fairness and integrity.
whether the applicant has been granted necessary approval by the Reserve Bank of India for making investments in India; or
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
whether the applicant is an asset management company, investment manager or investment management company or any other investment vehicle incorporated outside India; or
whether the applicant is authorized to invest in venture capital fund or carry on activity as a venture capital fund; or
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.
whether the applicant is a fit and proper person.
Benefits of Registration to FVCI
Exemption from FIPB & RBI approvals
Exemption from entry or exit pricing restrictions
Exemption from the SEBI (Substantial Acquisitions of Shares and Takeover) Regulations, 1997
Status of QIB
Exemption from lock in period for pre issue share capital
Status of Non Promoter
Eligibility Criteria
the applicants track record, professional competence, financial soundness, experience, general reputation of fairness and integrity.
whether the applicant has been granted necessary approval by the Reserve Bank of India for making investments in India; or
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
whether the applicant is an asset management company, investment manager or investment management company or any other investment vehicle incorporated outside India; or
whether the applicant is authorized to invest in venture capital fund or carry on activity as a venture capital fund; or
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.
whether the applicant is a fit and proper person.
Benefits of Registration to FVCI
Exemption from FIPB & RBI approvals
Exemption from entry or exit pricing restrictions
Exemption from the SEBI (Substantial Acquisitions of Shares and Takeover) Regulations, 1997
Status of QIB
Exemption from lock in period for pre issue share capital
Status of Non Promoter