Revised Quarterly Reporting Guidelines for Foreign Venture Capital Investors

Revised Quarterly Reporting Format for Foreign Venture Capital Investors (FVCIs)

The Securities and Exchange Board of India (SEBI) has issued an important circular revising the quarterly reporting format for Foreign Venture Capital Investors (FVCIs), which will take effect for the quarter ending September 30, 2024. Under Regulation 13(1) of the SEBI (FVCI) Regulations, 2000, FVCIs must submit quarterly reports regardless of whether any investments were made during the respective quarter. The updated reporting format is detailed in Annexure-1 and includes essential information such as:

• General details about the FVCI
• Cumulative funds raised
• Industry-specific investment data

Custodians hold the responsibility to ensure the timely submission of these reports as mandated by Regulation 14(2). The deadlines for submission are as follows:

• Quarter ending September 30, 2024: Submit by November 15, 2024
• Quarter ending December 31, 2024: Submit by January 15, 2025

Both reports should be submitted in Excel format via email. Starting from the quarter ending March 31, 2025, all submissions will transition to SEBI's intermediary portal and must be submitted within 15 calendar days following the quarter's end. This circular, issued under Sections 11(1) and 11A of the SEBI Act, aims to protect investor interests and enhance market transparency.

Circular Reference

Securities and Exchange Board of India

1. In compliance with Regulation 13(1) of SEBI (FVCI) Regulations, 2000, FVCIs are obliged to submit quarterly reports in the specified format concerning their venture capital activities.
2. The reporting format has been revised, and the new version is enclosed as Annexure-1.
3. FVCIs must submit the quarterly report regardless of investment activity during the quarter.
4. As outlined in Regulation 14(2), custodians are responsible for the prompt submission of the report.

Applicability

5. The report for the quarter ending September 30, 2024, and December 31, 2024, shall be submitted in Excel format by November 15, 2024, and January 15, 2025, respectively, via email to fvci-report@sebi.gov.in.
6. Starting from the quarter ending March 31, 2025, FVCIs are required to submit quarterly reports via the SEBI intermediary portal (SI Portal) within 15 calendar days after the close of each quarter.
7. This circular is issued under the authority conferred by Section 11(1) and Section 11A of the Securities and Exchange Board of India Act, 1992, in conjunction with Regulations 13(1) of the SEBI (FVCI) Regulations, 2000, to safeguard the interests of investors and to regulate the securities market.
8. This circular can be accessed at sebi.gov.in under the "Legal — Circulars" section.

Annexure-1: FVCI Quarterly Reporting Format

A. General Information about the FVCI

Sl. No	Particulars	Details
1.	Name of the FVCI
2.	SEBI Registration No
3.	Date of grant of SEBI Registration
4.	Date of Incorporation/Establishment
5.	Country of Incorporation/Establishment
6.	Legal Form of FVCI
7.	Investment Manager/Advisor, if applicable
8.	Principal Place of Business
	a. Country
	b. Regulator signatory to IOSCO MMOU (Yes/No)
	c. Central Bank membership in BIS (Yes/No)
	d. FATF public statement jurisdiction deficiencies (Yes/No)
9.	PAN of FVCI
10.	Address of FVCI
11.	Contact Details
	a. Name of Contact Person/Compliance Officer
	b. Designation
	c. Communication Address
	d. Phone Number
	e. Email ID
12.	Name of the Custodian
13.	Name of the Global Custodian, if applicable
14.	Name of Designated Bank
15.	Regulated by an appropriate foreign regulator (Yes/No)
	a. Name of regulator
	b. Registered category
16.	Registered with SEBI in another category (Yes/No)
	Entity name, Category, Registration No., Date of Registration
17.	Details of Directors
	Sl. No, Name, Nationality, Address, Contact No., Email Address
18.	Any instance of securities law violation (Refer Form A under FVCI Regulations)
19.	Name of Tax Consultant in India (if applicable)

B. Cumulative Funds Raised & Invested

1. Total Investible Funds (in Rs. Crores)
   Definition: "Investible Funds" means funds committed for investment in India, net of fund administration and management expenses.

2. Brief Investment Details of the FVCI in India (Rs. Crore)

   Investment Details	In Equity	In Debt	In AIF/Venture Capital Funds	Total
   Listed
   Unlisted

3. Investment Details (in Rs. Crores)

   Name of Scheme/Fund	Duration of Scheme/Fund	Cumulative Investments under Regulation 11(c)(i)	Cumulative Investments under Regulation 11(c)(ii)	Total Investment (A + B + C + D)	% of Investments under 11(c)(i)
   Investments (A)	% of Total Investible Funds in (A)	In Listed Companies (B)	In Debt (C)	In SPVs (D)	Total (B + C + D)
   % of Total Investible Funds in (B + C + D)

4. Industry-wise Investment Breakdown (Cumulative) (in Rs. Crores)

   Sr. No	Industry	Amount Invested Directly	Amount Invested Through VCFs/AIFs	Total
   1	Biotechnology
   2	Information Technology
   3	Nanotechnology
   4	Seed Research and Development
   5	Pharmaceutical
   6	Dairy Industry
   7	Poultry Industry
   8	Production of Biofuels
   9	Infrastructure Sector
   10	NBFC
   11	Others (dropdown as below)

Additional Sectors

• Services Sector
• Media/Entertainment
• Industrial Products
• Auto/Auto Ancillary
• Banking and Financial Services (excluding NBFCs)
• FMCG/Food and Beverages
• Healthcare
• Real Estate
• Mining, Exploration, and Refining
• Packaging
• Textiles
• Retail
• Chemicals/Petrochemicals/Plastic/Rubber
• Hotel-cum-Conventional Centres (with more than 3,000 seats)
• Soil Testing Laboratories
• Exhibition-cum-Convention Centre