FVCIS - What does FVCIS stand for? The Free Dictionary
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have also been allowed to invest in unlisted equity or 'equity-like' instruments in 10 sectors without approval from the RBI.
The new norms have been finalised after taking into account public comments to a Sebi proposal for amending existing FVCI
regulations to allow FVCIs
to invest in CICs, which are registered as a special class of nonbanking financial companies ( NBFCs).
"In addition, guidelines in respect of deferred payment through escrow/indemnity arrangement for transfer of shares, enabling investment by foreign venture capital investors (FVCIs
) in start-ups and overseas investment operations for start-ups will be issued soon in consultation with the government," he said.