Sebi regulations for venture capital funds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 1[THIRD SCHEDULE
Securities and Exchange Board of India
(Venture Capital Funds) Regulations, 1996
[See Regulation 2(3)]
NEGATIVE LIST
(1) 2[***]
(2) Non-banking financial services 3[excluding those Non-Banking Financial
Companies which are registered with Reserve Bank of India and have been
categorized as Equipment Leasing or Hire Purchase Companies.].
(3) Gold financing 4[excluding those Companies which are engaged in gold
financing for jewellery.].
(4) Activities not permitted under industrial policy of Government of India.
(5) Any other activity which may be specified by the Board in consultation with
Government of India from time to time.

Question:
As per Point (5) what are the items specified by board in consultation with GOI under the negative list.

Ajay Mishra

Ajay Mishra (Expert)
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18 July 2013 Hi

Please check, any rule or notification/circular in which it will be specified by SEBI.

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