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Securities and 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, Subject: Enhancement of overall limit for overseas investment by Alternative Investment Funds (AIFs)/Venture Capital Funds (VCFs) 1. In terms of SEBICirculars No. SEBI/VCF/CIR No.1/98645/2007 dated August 09, 2007,CIR/IMD/D
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FAQ :
The overall limit for overseas investment by AIFs and VCFs has been enhanced to USD 1,500 million.
Yes, the previous limit of USD 750 million has been doubled to USD 1,500 million.
No, all other regulations, terms, and conditions governing overseas investment by eligible AIFs/VCFs remain unchanged.
This enhancement applies to all Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) registered under SEBI regulations.
The enhancement was announced by the Securities and Exchange Board of India (SEBI) in consultation with the Reserve Bank of India.
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Notification No : SEBI/HO/IMD/DF6/CIR/P/2021/565Published in Investments & Personal Finance
Source : https://www.sebi.gov.in/legal/circulars/may-2021/enhancement-of-overall-limit-for-overseas-investment-by-alternative-investment-funds-aifs-venture-capital-funds-vcfs-_50219.html