SEBI enhanced the overseas investment limit of alternative investment funds and venture capital funds to $750 million from the current $500 million.
The decision has been taken in consultation with the Reserve Bank of India. In order to monitor the utilisation of overseas investment limits, SEBI has asked AIFs and VCFs to mandatorily disclose the utilisation of the such limits within five working days of such usage on the regulator's intermediary portal. Further, in case an AIF or VCF has not utilised a part of the overseas limit within the validity period, the same shall be reported within two working days after expiry of the validity period.
The decision has been taken in consultation with the Reserve Bank of India. In order to monitor the utilisation of overseas investment limits, SEBI has asked AIFs and VCFs to mandatorily disclose the utilisation of the such limits within five working days of such usage on the regulator's intermediary portal. Further, in case an AIF or VCF has not utilised a part of the overseas limit within the validity period, the same shall be reported within two working days after expiry of the validity period.
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