Quarterly Reporting by Foreign Venture Capital Investors (FVCI)

Last updated: 13 January 2010

Notice Date : 12 January 2010

Quarterly Reporting by Foreign Venture Capital Investors (FVCI)

DEPUTY GENERAL MANAGER

INVESTMENT MANAGEMENT DEPARTMENT

DIVISION OF FUNDS-1

SEBI/IMD/DOF-1/FVCI/CIR-1/2010

January 12, 2010

All SEBI Registered Foreign Venture Capital Investors

through the Custodians of Securities

Dear Sir/ Madam,

Sub: Quarterly Reporting by Foreign Venture Capital Investors (FVCI)

1. Please refer to SEBI circular No SEBI/MFD/VCF/CIR no 2/7350/03 dated April 29, 2003 regarding submission of quarterly report on venture capital activity by Foreign Venture Capital Investors in the prescribed format.

2. Format for the quarterly report on venture capital activity to be submitted by Foreign Venture Capital Investors has been revised as per enclosed Annexure. In accordance with Regulation 13 (1) of SEBI (Foreign Venture Capital Investors) Regulations, 2000, all Foreign Venture Capital Investors are directed to submit the report on venture capital activity to SEBI complete in all respects in the new format with effect from the quarter ended 31st March, 2010.

3. The report is to be uploaded online on SEBI portal within 7 days from the end of each calendar quarter. Physical copies of the report are not required to be submitted.

4. In accordance with Regulation 14 (2) of SEBI (Foreign Venture Capital Investors) Regulations, 2000, domestic custodian shall be responsible for timely submission of the report.

5. This circular is issued in exercise of powers conferred by sub-section (1) of section 11 and section 11A 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.

6. This circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Venture Capital”.

Yours faithfully,

Maninder Cheema

FVCI quarterly reporting Format

A General Information
Name of the FVCI
Country of incorporation
Name of the domestic custodian
Name of the designated bank
Funds Committed for investment in India (in Rs. Crore)
Total Investible Funds1 (in Rs. Crore)

1 Refer to FVCI Regulations for explanation

B Report upto the quarter ended (March/ June/ Sep/ Dec) Year

Cumulative details of the funds raised & invested by all schemes under the fund

Brief investment details of the FVCI in India (Rs. Crore)
In Equity	In Debt	In VCFs	Total

Investment details
Name of Scheme/fund	Cumulative Investments made by the schemes/fund under Sec 11 (c) (i) of FVCI Regulations2		Cumulative Investments made by the schemes/fund under Sec 11 (c) (ii) of FVCI regulations					Total investment (in Rs. Crore) (A+B+C+D)
Name of Scheme/fund	Investments (Rs. Crore) (A)	% of Total Investible Funds in (A)	In Listed companies (Rs. Crore) (B)	In Debt (Rs. Crore) (C)	In SPVs (Rs. Crore) (D)	Total (Rs. Crore) (B+C+D)	% of Total Investible Funds in (B+C+D)	Total investment (in Rs. Crore) (A+B+C+D)


Total

2 investment in equity/ equity linked instruments of unlisted companies

Industry-wise investment break-up (cumulative) (in Rs. Crore)
Industry	Amount invested directly				Amount invested through VCFs				Total
Industry	At the beginning of the quarter (a)	Additions during the quarter (b)	Divestments during the quarter (c)	At the end of the quarter (a+b-c)	At the beginning of the quarter (a)	Additions during the quarter (b)	Divestments during the quarter (c)	At the end of the quarter (a+b-c)	Total
Information Technology
Telecommunication
Pharmaceuticals
Biotechnology
Media/Entertainment
Services Sector
Industrial Products
Others (dropdown as below)
Total