BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
FVCI which has obtained registration under the Securities and Exchange Board of India (FVCI) Regulations, 2000. FVCI stands for
A
Foreign Venue Capital Investors
B
Foreign Venture Custody Investors
C
Foreign Venture Capital Investors
D
Foreign Venture Capital Installment
Explanation: 

Detailed explanation-1: -Investment in India by Foreign Venture Capital Investors (FVCI), registered with SEBI, is governed by the provisions of Schedule 6 of the Principal Regulations.

Detailed explanation-2: -SECURITIES AND EXCHANGE BOARD OF INDIA. Short title and commencement. 1. (1) These regulations may be called the Securities and Exchange Board of India (Foreign Venture Capital Investor) Regulations, 2000.

Detailed explanation-3: -At the time of granting approval, RBI permits the FVCI to open a foreign currency account or rupee account with a designated branch of an AD bank. The purchase / sale of shares, debentures and units can be at a price that is mutually acceptable to the buyer and the seller.

Detailed explanation-4: -Venture Capital Funds (VCFs) registered under the repealed SEBI (Venture Capital Funds) Regulations, 1996 ("VCF Regulations") may seek re-registration under SEBI (Alternative Investment Funds) Regulations, 2012 subject to approval of two-third of their investors by value of their investment.

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