IVCA

Industry body requests removal of 25 per cent limit for IFSC-based retail funds' investment in unlisted assets

One common strategy adopted by private equity and venture capital firms to protect their investment is to nominate a director on the board of a start-up company

Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says

Argues that taxes on unlisted securities are nearly 2.4x those of listed ones, even as investments into unlisted firms and startups were leading asset and job creation

The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India

The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn

The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation

India's total AUM at $61bn as of 15, December 2020, with $15bn of dry powder as of end of Sept 2021

Specific to AIFs, the IVCA said the funds are a mere pooling vehicle and not a service providing entity

The report was prepared by Bain & Company in partnership with Indian Private Equity & Venture Capital Association (IVCA)

Pass-Through status for category III funds has been a long-pending industry demand

Tata Opportunities Fund, Managing Director, Padmanabh Sinha will be the new vice-chairman.

Guideline provides eligibility criteria and procedures for providing safe-harbour to foreign fund managers residing in India.