Amendments to SEBI (Alternative Investment Funds) Regulations, 2012
1. Giving effect to the announcement in Budget for FY 2013-14 by Hon'ble Finance Minister on angel investor pools, amendments to SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) have been notified thereby providing a framework for registration and regulation of angel pools under a sub-category 'Angel Funds' under Category I- Venture Capital Funds. 2. Salient features… Read More
Tags: Alternative investment, Angel investor, Australian Imperial Force, Categories of New Testament manuscripts, Collective investment scheme, Investment, Securities & Exchange Board of India, Venture capital
SEBI Finalizes Regulations for Angel Funds
THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 16, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 16th September, 2013 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2013 No. LAD-NRO/GN/2013-14/24/6573.- In exercise of the powers conferred by sub-section (1) of section 30 read… Read More
Tags: Alternative investment, Alternative Investment Fund, Angel investor, Collective investment scheme, New Delhi, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Venture capital
SEBI (Alternative Investment Funds) Regulations 2012 (AIFR) Certain Critical Issues
By Uday N Kajaria Chartered Accountant and Company Secretary uday.kajaria@gmail.com Introduction SEBI (Alternative Investment Funds) Regulations 2012 (hereinafter referred to as ˜AIFR™) notified on 21st May, 2012 provides a platform to the investor to pool their resources for investment in specified sectors such as start-ups, early stage ventures, SME, Infrastructure sector, subscribing to unsubscribed portion… Read More
Tags: AIF, AIFR, Collective investment scheme, India, Initial Public Offer, Investment, Mutual fund, SEBI, SEBI (Alternative Investment Funds) Regulations 2012, Venture capital
Income-tax (13th Amendment) Rules, 2013 – Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 59/2013 DATED 5-8-2013 S.O. 2364(E)-In exercise of the powers conferred by sub-section (2) of section 115U read withsection 295 of the Income-tax Act, 1961 (43 of 1961), the… Read More
Tags: Alternate Investment Fund, Australia, Business, Financial services, Investment, Oceania, Securities and Exchange Board of India, Venture capital
Government Approves 16 FDI Proposals
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 10, 2013, the Central Government has approved sixteen (16) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1646.875 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 10th May, 2013 are as follows: Following sixteen (16) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows(Rs. In crore) 1 M/s BTI Payments Private Limited, Bangalore To set-up… Read More
Tags: Andhra Pradesh, Automated teller machine, FDI, FIPB, foreign direct investment, Foreign Investment Promotion Board, India, Venture capital
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