Venture capital

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 investmentAngel investorAustralian Imperial ForceCategories of New Testament manuscriptsCollective investment schemeInvestmentSecurities & Exchange Board of IndiaVenture 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 investmentAlternative Investment FundAngel investorCollective investment schemeNew DelhiSecurities & Exchange Board of IndiaSecurities and Exchange Board of India Act 1992Venture 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: AIFAIFRCollective investment schemeIndiaInitial Public OfferInvestmentMutual fundSEBISEBI (Alternative Investment Funds) Regulations 2012Venture 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 FundAustraliaBusinessFinancial servicesInvestmentOceaniaSecurities and Exchange Board of IndiaVenture 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

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