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REGULATIONS IN INDIA
O. P. GAHROTRA
SENIOR EXECUTIVE DIRECTOR
SECURITIES AND EXCHANGE BOARD OF INDIA
PRESENTATION OUTLINE
Investment Barriers
Taxation Issues
Investors as well as the venture capital fund
taxed for the income generated by the VCFs
Securities and Exchange Board of India
Exit Barriers
K. B CHANDRASEKHAR COMMITTEE
Nature of Representation
Distinguished domestic venture capitalists
International venture capitalists from
Silicon Valley
Domestic and International practicing
Lawyers
Senior Ministry of Finance / SEBI
Officials
Securities and Exchange Board of India
K. B CHANDRASEKHAR COMMITTEE
Major Recommendations
Single window clearance and minimum regulation
for domestic Venture Capital Fund and Foreign
Venture Capital Investors - SEBI to be the nodal
regulator
Granting of QIB Status to VCFs and FVCIs
Tax pass through status to SEBI registered Venture
Capital Funds.
Free entry and exit for overseas investment /
disinvestment with minimum regulation
Flexible Investment Criteria
More disclosures to investors and no filing of
Placement Memorandum with SEBI.
Securities and Exchange Board of India
means
Investment Criteria :
Thank You