SEBI Foreign Venture Capital Investors (FVCIs) Regulations, 2000

A foreign venture capital investor (FVCI) is an investor incorporated and established outside India which proposes to make investment in venture capital funds (VCFs) life capital undertakings (VCUs) in India and its registered with SEBI under these regulations. While VCFs refer to funds established in the form of a trust company including a body corporate, and registered with SEBI Venture Capital Fund Regulations. 1996. which have a dedicated pool of capital raised in the manner specified under the regulations and invested in VCCs in accordance with the regulations, a VCU is a domestic company (i) whose shares are not listed in a recognized stock exchange in India, (ii) which is engaged in the business of providing services, production manufacture of articles things but does not include such activities sectors as specified in the negative list by SEBI with Government approval namely, real estate, NBFCs, gold Financing activities for under the industrial policy of the Government and any other activity which may be specified from time to time. The main elements of FVCIs are described below.

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