AIFs/VCFs overall limit to invest overseas enhanced USD 1500 Million from earlier overall limit of USD 750 million. Read SEBI Circular
SECURITIES & EXCHANGE BOARD OF INDIA
CIRCULAR
SEBI/HO/IMD/DF6/CIR/P/2021/565
May 21, 2021
To,
All Alternative Investment Funds,
All Venture Capital Funds [registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996)]
Dear Sir /Madam,
1. In terms of SEBI Circulars No. SEBI/VCF/CIR No. 1/98645/2007 dated August 09, 2007, CIR/IMD/DF/7/2015 dated October 01, 2015,and SEBI/HO/IMD/DF1/CIR/P/2018/103/2018 dated July 3, 2018, SEBI registered AIFs and VCFs are permitted to invest overseas, subject to an overall limit of USD 750 million.
2. In consultation with the Reserve Bank of India, the said limit has now been enhanced to USD 1,500 million. Further, all other regulations governing such overseas investment by eligible AIFs/VCFs shall remain unchanged.
3. All other requirements, terms and conditions specified in the aforesaid SEBI Circulars shall remain unchanged.
4. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
5. This Circular is available on SEBI website at www.sebi.gov.inunder the categories “Legal Framework -Circulars” and “Info for -Alternative Investment Funds”.
Yours faithfully,
Sanjay Singh Bhati
Deputy General Manager
Tel no.: +91-22-26449222
ssbhati@sebi.gov.in
Maintenance, archival and submission of Audit File to National Financial Reporting Authority (NFRA) - Points of compliance by the audit…
Rejecting condonation of delay and dismissing appeal without verifying medical certificates – ITAT sets aside order of CIT(A) In a…
Common Area Maintenance (CAM) Charges cannot, by any stretch, be construed as payment of rent liable to TDS under section…
SC upheld that merely producing audit objection in order u/s 148A(d) ignoring reply of assessee is non application of mind…
In an insurance claim if it is established that damage was caused by fire, then reasons by which the fire…
CBDT assigns jurisdiction of CIT(Appeals) in pursuance of assessments completed in pursuance to search u/s 132, requisition u/s 132A or…