{"id":330496,"date":"2024-09-10T15:00:45","date_gmt":"2024-09-10T09:30:45","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=330496"},"modified":"2024-09-10T13:49:33","modified_gmt":"2024-09-10T08:19:33","slug":"sebi-widens-scope-sebi-foreign-venture-capital-investors-regulations-2000-vide-2024-amendment-regulations","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/09\/10\/sebi-widens-scope-sebi-foreign-venture-capital-investors-regulations-2000-vide-2024-amendment-regulations\/","title":{"rendered":"SEBI widens scope of SEBI (Foreign Venture Capital Investors) Regulations, 2000"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">On 05-09-2024, the Securities and Exchange Board of India (&#8216;SEBI&#8217;) notified the SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2024 to further amend the <a href=\"http:\/\/www.scconline.com\/DocumentLink\/033114E5\" target=\"_blank\" rel=\"noopener\">Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000<\/a>. They shall come into force with effect from 01-01-2025.<\/p>\n<p style=\"font-weight: bold;\">Key Points:<\/p>\n<ol style=\"list-style-type: decimal;\">\n<li>\n<p>The provision for application for grant of certificate as a foreign venture capital investor mentioned in Regulation 3 has been amended by way of the 2024 Amendment Regulations.<\/p>\n<\/li>\n<li>\n<p>Regulation 4 provided the eligibility criteria for the grant of registration certificate as a foreign venture capital investor has been amended to include additional requirements for the grant of the certificate.<\/p>\n<\/li>\n<li>\n<p>By way of amendment of Regulation 5, not only the Board but also the designated depository participant may require further information or clarification for the grant of registration certificate.<\/p>\n<\/li>\n<li>\n<p>Regulation 6 has been amended to provide for application to conform to the requirements. Earlier, it provided for the consideration of the application.<\/p>\n<\/li>\n<li>\n<p>Regulation 7 has been amended to provide for the certificate of registration. Earlier, it provided the procedure for grant of certificate.<\/p>\n<\/li>\n<li>\n<p>The scope of conditions of the certificate provided in Regulation 8 has also been widened by way of the 2024 Amendment Regulations.<\/p>\n<\/li>\n<li>\n<p>Regulation 9 has been amended to provide for the renewal of registration and surrender of certificate. Earlier, it provided for the procedure where the certificate was not granted.<\/p>\n<\/li>\n<li>\n<p>Regulation 14 has been amended to provide for the appointment of custodian. Earlier, it contained the provision for general obligations and responsibilities.<\/p>\n<\/li>\n<li>\n<p>Regulations 15A and 15B have been added by way of amendment. These Regulations provide for the &#8216;Obligations and responsibilities of foreign venture capital investor&#8217; and the &#8216;Obligations and responsibilities of designated depository participants&#8217; respectively.<\/p>\n<\/li>\n<li>\n<p style=\"margin-bottom: 3%;\">The First and Second Schedule have also been amended by way of the 2024 Amendment Regulations.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Terms such as &#8216;Bilateral Memorandum of Understanding&#8217;, &#8216;Control&#8217;, &#8216;Designated depository participant&#8217;, and &#8216;International Financial Services Centre&#8217; have been added to the 2000 Regulations.<\/p>\n","protected":false},"author":67011,"featured_media":316838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[71999,72958,30844,2563],"class_list":["post-330496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-amendment-regulations","tag-foreign-venture-capital-investors","tag-regulations","tag-SEBI"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEBI widens scope of SEBI (Foreign Venture Capital Investors) Regulations, 2000 vide 2024 Amendment Regulations | SCC Times<\/title>\n<meta name=\"description\" content=\"Securities and Exchange Board of India widens scope of SEBI (Foreign Venture Capital 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