Rk.educationalnotes

In recognition of the growing important of Venture Capital as one of the sources of finance for Indian industry, particularly for the smaller unlisted company, overseas venture capital investments are allowed with effect from September 1995. Consequently the SEBI has made the number of regulations on 4th Dec, 1996. These regulations were subsequently amended in September 2000.                      A venture capital fund has been defined to mean a fund established in the form of a trust or a company including a body corporate and registered under these regulations,which: (i) Had a dedicated pool of capital. (ii) Raised in a manner specified in the regulations.  (iii) Invest in venture capital undertaking in accordance with these regulations.          A venture capital undertakings means a domestic company: (i) Whose shares are not listed on a recognised stock exchange in India. (ii) Which is engaged in the business for providing services, production or manufacture of articles or things

Important Regulatory Bodies in India #1. RBI – Reserve Bank of India Sector: Banking & Finance, Monetary Policy Head: Governor – Urjit Patel Headquarters: Mumbai #2. SEBI – Securities and Exchange Board of India Sector: Securities (Stock) & Capital Market Head: Chairman – Ajay Tyagi Headquarters: Mumbai #3. IRDAI – Insurance Regulatory and Development Authority Sector: Insurance Head: Chairman – Subhash Chandra Khuntia Headquarters: Hyderabad #4. PFRDA – Pension Fund Regulatory & Development Authority Sector: Pension Head: Chairman – Hemant G Contractor Headquarters: New Delhi #5. NABARD – National Bank for Agriculture and Rural Development Sector: Financing Rural Development Head: Chairman – Harsh Kumar Bhanwala Headquarters: Mumbai #6. SIDBI – Small Industries Development Bank of India Sector: Financing Micro, Small and Medium-Scale Enterprises Head: Chairman – Mohammad Mustafa Headquarters: Lucknow #7. NHB – National Housing Bank Sector: Financing Housing Head: MD &