43 GI/2017

(1)

jftLVªh laö Mhö ,yö&33004@99

REGD. NO. D. L.-33004/99

vlk/kj.k

EXTRAORDINARY

Hkkx III—[k.M 4

PART III—Section 4

izkf/dkj ls izdkf'kr

PUBLISHED BY AUTHORITY

la- 07]

ubZ fnYyh] cq/okj] tuojh 4] 2017@ikS"k 14] 1938

No. 07]

NEW DELHI, WEDNESDAY, JANUARY 4, 2017/PAUSA 14, 1938

भारतीय ᮧितभूित और िविनमय बोडᭅ

अिधसूचना

मु᭥बई, 3 जनवरी, 2017

भारतीय ᮧितभूित और िविनमय बोडᭅ

[आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] (संशोधन) िविनयम, 2016

सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/026.—बोडᭅ, भारतीय ᮧितभूित और िविनमय बोडᭅ अिधिनयम, 1992

(1992 का 15) कᳱ धारा 11 कᳱ उप-धारा (1), धारा 11 कᳱ उप-धारा (2) के खंड (खक) तथा खंड (ग) और धारा 12 कᳱ उप-धारा (1)

तथा (1ख) के साथ पᳯठत धारा 30 कᳱ उप-धारा (1) ᳇ारा ᮧदᱫ शिᲦयᲂ का ᮧयोग करते ᱟए, एत᳏ारा भारतीय ᮧितभूित और िविनमय

बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] िविनयम, 2012 का और संशोधन करने के िलए िन᳜िलिखत िविनयम बनाता है, अथाᭅत्,-

1. इन िविनयमᲂ को भारतीय ᮧितभूित और िविनमय बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] (संशोधन) िविनयम, 2016

कहा जा सकेगा ।

2. वे राजपᮢ मᱶ उनके ᮧकाशन कᳱ तारीख को ᮧवृᱫ हᲂगे ।

3. भारतीय ᮧितभूित और िविनमय बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] िविनयम, 2012 मᱶ, -

(i) िविनयम 19ङ के उप-िविनयम (4) मᱶ, श᭣द "उनचास" के िलए, श᭣द "दो सौ" ᮧित᭭थािपत हो जाएँगे ।

(ii) िविनयम 19च मᱶ,-

(क) उप-िविनयम (1) मᱶ, श᭣द "केवल" का लोप हो जाएगा ।

(ख) उप-िविनयम (1) मᱶ, खंड (क) िन᳜िलिखत से ᮧित᭭थािपत हो जाएगा, अथाᭅत्:-

2

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART III—SEC. 4]

"(क) जो भारत सरकार के वािण᭔य और उ᳒ोग मंᮢालय के औ᳒ोिगक नीित एवं संवधᭅन िवभाग ᳇ारा

तारीख 17 फरवरी, 2016 कᳱ अिधसूचना सं. सा.का.िन. 180(अ) के मा᭟यम से जोिखम पूँजी उपᮓम

(वᱶचर कैिपटल अंडरटे᳴कग) / ᭭टाटᭅअप कᳱ आयु के संबंध मᱶ जारी ᳰकए गए मानदंडᲂ का या इस संबंध मᱶ

बनाई गई ऐसी अ᭠य नीित (जो ᮧवृᱫ हो) का पालन करते हᱹ;"।

(ग) उप-िविनयम (2) मᱶ, श᭣द "पचास" के िलए, श᭣द "पᲬीस" ᮧित᭭थािपत हो जाएगा ।

(घ) उप-िविनयम (3) मᱶ, श᭣दᲂ "तीन वषᲄ" के िलए, श᭣द "एक वषᭅ" ᮧित᭭थािपत हो जाएँगे ।

(ङ) उप-िविनयम (5) के प᳟ात्, िन᳜िलिखत उप-िविनयम (6) अंत:᭭थािपत ᳰकया जाएगा, अथाᭅत्:-

"(6) एंजल िनिध (एंजल फंड) भारत के बाहर िनगिमत कंपिनयᲂ कᳱ ᮧितभूितयᲂ (िस᭍यूᳯरटीज़) मᱶ भी

िनवेश (िविनधान) ऐसी शतᲄ या मागᭅदशᭅक िस᳍ाँतᲂ (गाइडलाइ᭠स) के अ᭟यधीन कर सकेगी, जो भारतीय

ᳯरज़वᭅ बᱹक और बोडᭅ ᳇ारा समय-समय पर िनधाᭅᳯरत या जारी ᳰकए जाएँ ।"

यू.के. िस᭠हा, अ᭟यᭃ

[िव᭄ापन-III/4/असा./366/16]

पाद ᳯट᭡पण :

1. भारतीय ᮧितभूित और िविनमय बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] िविनयम, 2012, सं. एल.ए.डी.-

एन.आर.ओ./जी.एन./2012-13/04/11262, 21 मई 2012 को भारत के राजपᮢ मᱶ ᮧकािशत ᱟए थे ।

2. भारतीय ᮧितभूित और िविनमय बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] िविनयम, 2012 16 िसत᭥बर, 2013 को भारतीय

ᮧितभूित और िविनमय बोडᭅ [आनुकि᭨पक िविनधान (िनवेश) िनिधयाँ] (संशोधन) िविनयम, 2013, सं. एलएडी-

एनआरओ/जीएन/2013-14/24/6573, ᳇ारा संशोिधत ᱟए थे ।

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 3rd January, 2017

SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS)

(AMENDMENT) REGULATIONS, 2016

No. SEBI/LAD-NRO/GN/2016-17/026.— In exercise of the powers conferred by sub-section (1) of

section 30 read with sub-section (1) of section 11, clause (ba) and clause (c) of sub-section (2) of section 11

and sub-sections (1) and (1B) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of

1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board

of India (Alternative Investment Funds) Regulations, 2012, namely,–

4. These regulations may be called the Securities and Exchange Board of India (Alternative Investment

Funds) (Amendment) Regulations, 2016.

5. They shall come into force on the date of their publication in the Official Gazette.

6. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, -

I. In sub-regulation (4) of regulation 19E, for the words “forty nine”, the words “two hundred”

shall be substituted.

¹Hkkx IIIµ[k.M 4º

Hkkjr dk jkti=k % vlk/kj.k

3

II. In Regulation 19F,-

(i) In sub-regulation (1), the word “only” shall be deleted.

(ii) In clause (a) of sub-regulation (1), the words “have been incorporated during the

preceding three years from the date of such investment” shall be substituted by the

words “complies with the criteria regarding the age of the venture capital

undertaking/startup issued by the Department of Industrial Policy and Promotion under

the Ministry of Commerce and Industry, Government of India vide notification No.

G.S.R. 180(E) dated February 17, 2016 or such other policy made in this regard which

may be in force;”.

(iii) In sub-regulation (2), for the words “fifty”, the words “twenty five” shall be substituted.

(iv) In sub-regulation (3), for the words “three years”, the words “one year” shall be

substituted.

(v) After sub-regulation (5), the following sub-regulation (6) shall be inserted, namely:-

“(6) An angel fund may also invest in the securities of companies incorporated outside

India subject to such conditions or guidelines that may be stipulated or issued by the

Reserve Bank of India and the Board from time to time.”

U. K. SINHA , Chairman

[ADVT.-III/4/Exty./366/16]

Footnote:

1. The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 were

published in the Gazette of India on 21^st May, 2012 vide No. LAD-NRO/GN/2012-13/04/11262.

2. The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 were

amended on 16^th September, 2013 by the Securities and Exchange Board of India (Alternative

Investment Funds) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/24/6573.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.

SARVESH KUMAR

SRIVASTAVA

Digitally signed by SARVESH

KUMAR SRIVASTAVA

Date: 2017.01.05 16:47:58

+05'30'