New rules for overseas investment by AIFs and VCFs
SEBI recently issued the guidelines for overseas investment by Alternative Investment Funds (“AIFs”) and Venture Capital Funds (“VCFs”) on August 17, 2022, which sets out a revised framework for making overseas investments by AIFs and VCFs. Prior to the issuance of these guidelines, and subject to other prescribed restrictions, AIFs and VCFs which were desirous of investing in offshore investee companies were permitted to make investments in such offshore entities which had an ‘Indian connection’ (i.e., the offshore companies which had back-office operations in India).
To read further details, please refer to the below document.
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