Date: 2026-07-03Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by Section 30(1) of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India
**Executive Summary**
The Securities and Exchange Board of India (SEBI) notified the (Foreign Venture Capital Investors) (Amendment) Regulations, 2026, on July 3, 2026, to modify fee structures and remittance protocols. These regulations come into force 180 days after their publication in the Official Gazette. The amendment transitions fee denominations from USD to INR and establishes mandatory five-day deadlines for depository participants to remit collected fees to the Board.
**Key Points / Main Content**
* **Revised Fee Structure and Currency**
* Registration fees are updated from $2,500 to Rs. 2,30,000 (or eligible foreign exchange equivalent).
* Renewal fees for extending the registration period are changed from $100 to Rs. 9,000.
* Miscellaneous fees of $5 are revised to Rs. 500, and the maximum cap of $150 is adjusted to Rs. 15,000.
* **Amendments to Registration Procedures**
* Registration fees must now be paid prior to the actual grant of the certificate of registration.
* This replaces the previous requirement where fees were submitted at the time of the initial application form submission.
* **Fee Remittance Mandates for Depository Participants**
* Designated Depository Participants (DDPs) must remit all fees collected from Foreign Venture Capital Investors (FVCIs) to the Board in Indian Rupees (INR).
* For initial registrations, DDPs must remit the fees and required details within five working days from the date the registration certificate is granted.
* For renewal blocks or late fees, DDPs must remit the funds and details within five working days from the date they receive the fees.
* All remittances must be accompanied by details in a format specified by the Board from time to time.
**Impact Analysis**
**Foreign Venture Capital Investors (FVCIs)**
**Impact**
FVCIs are affected by the shift in fee denominations to INR and the change in the timing of payment obligations during the registration process.
**Action Required**
Investors must ensure that the revised fee amounts are available for payment prior to the issuance of their registration certificates and adjust their accounting for the new INR-based fee scales.
**Designated Depository Participants (DDPs)**
**Impact**
DDPs are now legally responsible for the timely remittance of fees to SEBI within strict five-day windows and must handle the conversion of payments into INR.
**Action Required**
DDPs must establish internal workflows to ensure fees and corresponding data formats are remitted to the Board within five working days of either granting a certificate or receiving renewal/late fees.
Key Entities Referenced
Securities and Exchange Board of India (Foreign Venture Capital Investors) (Amendment) Regulations, 2026: The primary regulatory document issued to amend existing fee structures and remittance procedures for foreign venture capital investors.
Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000: The principal regulations being amended, which govern the registration and operations of foreign venture capital investors in India.
Securities and Exchange Board of India: The capital markets regulator responsible for implementing these regulations and overseeing the securities market.
Securities and Exchange Board of India Act, 1992: The parent legislation under which SEBI derives the power to frame and amend these regulations.
Designated Depository Participant: The entity responsible for collecting registration/renewal fees from foreign venture capital investors and remitting them to SEBI in Indian Rupees.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-10072026-274340
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 436] िई ददल्ली, ि क्रिार, ि लाई 3, 2026/आषाढ 12, 1948 ष 22, 1947
No. 436] NEW DELHI, FRIDAY, JULY 3, 2026/ASHADHA 12, 1948 s 1947
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
म ंबई, 3 ि लाई, 2026
भारतीय प्रजतभजू त और जिजिमय बोडड
(जिदेिी िोजखम पिूूँ ी जिििे क) (सिं ोधि) जिजियम, 2026
स.ं सबे ी/एल.ए.डी.-एि.आर.ओ/िी.एि/309.— भारतीय प्रजतभूजत और जिजिमय बोडड, भारतीय प्रजतभूजत और
जिजिमय बोडड अजधजियम, 1992 (1992 का 15) की धारा 30(1) द्वारा प्रदाि की गई िजियों का प्रयोग करत े हुए,
एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय बोड ड (जिदेिी िोजखम पूूँिी जििेिक) जिजियम, 2000 का और संिोधि करि े के
जलए जिम्नजलजखत जिजियम बिाता ह,ै अर्ाडत,् -
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड (जिदेिी िोजखम पूूँिी जििेिक) (संिोधि) जिजियम,
2026 कहा िा सकेगा ।
2. ये जिजियम रािपत्र म ेंइिके प्रकाजित होिे की तारीख से एक सौ अस्ट्सीिें ददि लाग ू होंगे।
3. भारतीय प्रजतभूजत और जिजिमय बोडड (जिदेिी िोजखम पूूँिी जििेिक) जिजियम, 2000 म,ें-
I. जिजियम 3(3) में, िब्द “दसू री अि सूची में दी हुई फीस लगाई िाएगी और” हट िाएंगे;
II. दसू री अि सूची म,ें
5023 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
i. खंड (1) म,ें
क. अंक तर्ा िब्दों “2500 अमरीकी डॉलर” के स्ट्र्ाि पर जचह्ि, िब्द तर्ा अंक “, दकसी भी
देि की ऐसी म द्रा म ेंिो स्ट्िीकायड हो रु.2,30,000 के बराबर की रकम” आ िाएंगे; और
ख. िब्दों तर्ा जचह्ि “अजभजहत जिक्षेपागार सहभागी के पास पॉमड प्रस्ट्त त करत े समय,” के
स्ट्र्ाि पर िब्द तर्ा जचह्ि “रजिस्ट्रीकरण प्रमाणपत्र प्रदाि दकए िािे से पहले, डेजसग्नेटेड
जडपॉजिटरी पार्टडजसपेंट (अजभजहत जिक्षेपागार सहभागी) के पास” आ िाएंग े ।
ii. खंड (2) म,ें अंक तर्ा िब्दों “100 अमरीकी डॉलर की ििीकरण फीस” के स्ट्र्ाि पर िब्द,
जचह्ि तर्ा अंक “फीस (ररि अल फीस / रजिस्ट्रेिि की अिजध बढ़ािे हते अदा की िािे िाली
फीस) के तौर पर, दकसी भी देि की ऐसी म द्रा म ें िो स्ट्िीकायड हो रु.9,000 के बराबर की
रकम” आ िाएगं े;
iii. खंड (5) म,ें
क. अंक तर्ा िब्दों “5 अमरीकी डॉलर” के स्ट्र्ाि पर जचह्ि, िब्द तर्ा अंक “दकसी भी देि की
ऐसी म द्रा में िो स्ट्िीकायड हो रु.500 के बराबर की रकम” आ िाएंगे; और
ख. िब्दों तर्ा अंक “अजधक से अजधक 150 अमरीकी डॉलर” के स्ट्र्ाि पर िब्द, जचह्ि तर्ा
अंक “दकसी भी देि की ऐसी म द्रा में िो स्ट्िीकायड हो अजधक से अजधक रु.15,000 के
बराबर की रकम” आ िाएगं े ।
iv. खंड (6) के स्ट्र्ाि पर जिम्नजलजखत खंड आ िाएगा, अर्ाडत,् -
“(6) प्रत्येक डेजसग्नेटेड जडपॉजिटरी पार्टडजसपेंट (अजभजहत जिक्षेपागार सहभागी) जिदेिी िोजखम
पूूँिी जििेिकों से ली गई फीस भारतीय रुपये में बोडड के पास उसी प्रकार िमा कराएगा, िैसा
िीचे बताया गया ह:ै
(क) पहली बार जलए िाि े िाल े रजिस्ट्रेिि के मामल े में, जिदेिी िोजखम पूूँिी जििेिक को
रजिस्ट्रीकरण प्रमाणपत्र प्रदाि दकए िािे की तारीख स े पाूँच कायड-ददिसों के भीतर फीस
िमा करत े समय उस फॉमेट में ब्यौरे भी प्रस्ट्त त कर ददए िाएूँ, िो समय-समय पर
जिधाडररत दकया िाए;
(ख) रजिस्ट्रेिि जमलिे के बाद अगले ब्लॉकों हते अदा की िािे िाली फीस (ररिअ ल फीस /
रजिस्ट्रेिि की अिजध बढ़ाि े हते अदा की िाि े िाली फीस) के मामल े म ें या फीस अदा
करिे में हुई दरे ी हते अदा की िािे िाली फीस के मामले में, डेजसग्नेटेड जडपॉजिटरी
पार्टडजसपेंट को जिस तारीख को िह फीस प्राप्त हो उस तारीख स े पाूँच कायड-ददिसों के
भीतर फीस िमा करत े समय उस फॉमेट में ब्यौरे भी प्रस्ट्तत कर ददए िाएूँ, िो समय-
समय पर जिधाडररत दकया िाए ।”
अजमत प्रधाि,कायडपालक जिदेिक
[जिज्ञापि-III/4/असा./205/2026-27][भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
रटप्पणी:
भारतीय प्रजतभूजत और जिजिमय बोडड (जिदेिी िोजखम पूूँिी जिजिधािकताड) जिजियम, 2000 [का.आ. सं. 832 (अ)] 15
जसतम्बर, 2000 को भारत के रािपत्र म ें प्रकाजित हुए र्े, और िो अंजतम बार भारतीय प्रजतभूजत और जिजिमय बोड ड
(जिदेिी िोजखम पूूँिी जिजिधािकताड) (संिोधि) जिजियम, 2025 (अजधसूचिा सं. सेबी/एलएडी-
एिआरओ/िीएि/2025/280) द्वारा संिोजधत हुए र् े।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 3rd July, 2026
SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN VENTURE CAPITAL
INVESTORS) (AMENDMENT) REGULATIONS, 2026
No. SEBI/LAD-NRO/GN/309.— In exercise of the powers conferred by Section 30(1) of the
Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of
India hereby makes the following regulations, to further amend the Securities and Exchange Board of India
(Foreign Venture Capital Investors) Regulations, 2000, namely, –
1. These regulations may be called the Securities and Exchange Board of India (Foreign Venture
Capital Investors) (Amendment) Regulations, 2026.
2. They shall come into force on the one hundred eightieth day from the date of publication of these
regulations in the Official Gazette.
3. In the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations,
2000, –
I. In regulation 3(3), the words “by the fee specified in the Second Schedule and” shall be
omitted;
II. in the Second Schedule,
i. in Clause (1),
a. the words and symbols “$2500” shall be substituted with the words and
symbols “Rs. 2,30,000 in eligible foreign exchange equivalent”; and
b. the words “at the time of submission of the Form” shall be substituted with
the words “prior to the grant of certificate of registration”.
ii. in Clause (2), the words and symbols “$100” shall be substituted with the words
and symbols “Rs. 9,000 in eligible foreign exchange equivalent”;
iii. in Clause (5),
a. the words and symbols “$5” shall be substituted with the words and
symbols “Rs. 500 in eligible foreign exchange equivalent”; and
b. the words and symbols “$150” shall be substituted with the words and
symbols “Rs. 15,000 in eligible foreign exchange equivalent”.4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
iv. Clause (6) shall be substituted with the following, namely, -
“(6) Every designated depository participant shall remit the fees collected from the
foreign venture capital investors in INR to the Board in the following manner:
(a) in the case of initial registration, within five working days from the date of
grant of certificate of registration to the foreign venture capital investor, along with
the details in the format, as may be specified from time to time;
(b) in the case of renewal fees paid for subsequent blocks after registration or any
late fees, within five working days from the date of receipt of such fees by the
designated depository participant, along with the details in the format, as may be
specified from time to time.”
AMIT PRADHAN, Executive Director
[ADVT.-III/4/Exty./205/2026-27]
Note:
The Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000 was
published in the Gazette of India on September 15, 2000 vide S.O. No. 832 (E) and was last amended by
the Securities and Exchange Board of India (Foreign Venture Capital Investors) (Amendment) Regulations,
2025 vide Notification No. No. SEBI/LAD-NRO/GN/2025/280.
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.