The Securities and Exchange Board of India (SEBI) on September 26, 2024, issued the Operational Guidelines for Foreign Venture Capital Investors (FVCIs) and Designated Depository Participants (DDPs).
SEBI (Foreign Venture Capital Investors) Regulations, 2000 were amended vide notification dated September 05, 2024. The said amendments shall come into force with effect from January 01, 2025. The amendment notification, inter alia, specified provisions related to registration of FVCI through Designated Depository Participants, eligibility conditions, renewal of registration, etc.
To ensure a smooth transition to the amended FVCI regime and operationalise the amended provisions of the FVCI Regulations, it has been decided to issue necessary guidance in the form of operational guidelines (Annexure 1).
The provisions of this circular shall come into force with effect from January 01, 2025.
[Notification No. SEBI/HO/AFD/AFD-PoD-3/P/CIR/2024/130]
