Sebi puts Rs 5-cr start up cap on foreign VCIs

Quotes

1. “ Each scheme launched or fund set up by a venture capital fund shall have firm commitment from the investors for contribution of the minimum stipulated amount before the start of operations by the venture capital fund. ”

2. “ It has been decided to bring in parity between domestic venture capital funds and FVCI by requiring the applicants desirous of registering with Sebi as FVCIs to obtain firm commitment from their investors for contribution of an amount before the start of operations. ”

3. “ It can also be looked at a signal that the regulator is looking at the venture capital space closely and there could be more streamlining in the coming days. ”

Entities Mentioned

• Nexus Capital India
• Sandeep Singhal

1. Sebi puts Rs 5-cr start up cap on foreign VCIsFinancial ExpressAccording to Sandeep Singhal, director, Nexus India Capital Advisors, “Most of the funds have firm agreement with the limited partners for committing money ...and more » (Read Full Article)

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