Sebi Proposes Revised Compliance Reporting Format for Foreign Venture Capital Investors

Sebi proposed a revised format for compliance reports by Foreign Venture Capital Investors (FVCI). FVCI need to provide general and specific investment information, including any violations of securities laws. The public can comment on these proposals until August 29.

The Securities and Exchange Board of India (Sebi) has announced a proposed revision to the format for compliance reports filed by Foreign Venture Capital Investors (FVCI) regarding their activities.

According to the rule, FVCIs must submit quarterly reports to Sebi in a specified format concerning their venture capital activities. The revised format aims to include general information, investment details, and instances of any non-compliance with securities laws.

Sebi has called for public comments on the proposed changes, with the deadline for submissions set for August 29. The amendments to the FVCI regulations have already been approved and will be officially announced soon.

(With inputs from agencies.)