The Securities and Exchange Board of India on Wednesday proposed a new format for Foreign Venture Capital Investors to file their compliance reports. The updated rule mandates that FVCIs submit quarterly reports to SEBI, detailing their venture capital activities in the specified format.
SEBI stated in its consultation paper that recent amendments to the FVCI Regulations, approved by the SEBI board and set to be notified soon, highlighted the need for this revised reporting format.
As per the proposed revised format, FVCI are required to provide general information about them, including SEBI's registration number, date of grant of such registration, date of incorporation, country of incorporation, category of FVCI, and principal place of business.
Additionally, they are required to provide details of directors, brief investment details of FVCI in India, industry-wise investment breakup and any instance of violation or non-adherence to securities laws, etc., in the proposed format.
SEBI has sought public comments till Aug. 29 on proposals.
(With inputs from PTI)
RECOMMENDED FOR YOU
AI Regulation: SEBI Mulls Accountability Framework For Use By Market Institutions
Nov 13, 2024
The 2024 India-UAE BIT: A Mixed Bag?
Nov 07, 2024
Foreign Investors To Now Access Sale Proceeds As Quickly As Domestic Investors
Oct 17, 2024
SEBI Official Advises Investors To Trust Registered Entities For Security
Oct 14, 2024
POPULAR