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THE
GAZETTE OF EXTRAORDINARY PART
II SECTION 3 - SUB-SECTION (ii) PUBLISHED
BY AUTHORITY SECURITIES
AND EXCHANGE BOARD OF NOTIFICATION Mumbai,
���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������---------------------------------------------------------------------------------------------------- SECURITIES
AND EXCHANGE BOARD OF (VENTURE
CAPITAL FUNDS) (AMENDMENT) REGULATIONS, 2006 S.O.No. 93(E). In
exercise of the powers conferred by section 30 of the Securities and Exchange
Board of India Act, 1992 (15 of 1992), the Board hereby makes the following
Regulations to further amend the Securities and Exchange Board of India
(Venture Capital Funds) Regulations, 1996, namely: - 1. (i)
These Regulations may be called the Securities and Exchange Board of India
(Venture Capital Funds) (Amendment) Regulations, 2006. (ii) They shall come into force on the date of their
publication in the Official Gazette. 2.� In the Securities and Exchange Board of (i)
In regulation 2, - after clause (m), clause
(ma) be inserted- (ma)
�a foreign company� means a foreign company within the
meaning of section 591 of the Companies Act, 1956. (ii)
In
regulation 12, after clause (b), the following clause, shall be inserted,
namely ���� ��� (ba) venture capital fund may� invest in securities of foreign companies
subject to such conditions or guidelines that may be stipulated or issued by
the Reserve Bank of M. DAMODARAN CHAIRMAN F.No.
SEBI\LAD\DOP\25615\2006 Foot notes (1)
The Securities and Exchange Board of India
(Venture Capital Funds) Regulations, 1996, the Principal Regulations were
published in the Gazette of India on December 4, 1996 vide S.O. No.850(E). (2) The Regulations were subsequently amended: (a) On (b) On (c) On (d) On [e]
On |
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