Venture Capital Schemes
Regulation 18
Venture Capital Schemes
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter III · Schemes for Fund Management
Chapter III · Schemes for Fund Management
Regulation 18 – Venture Capital Schemes
about 3 min
Venture Capital schemes: Structure, eligible investors, permissible investments and the FME's own contribution for VC schemes.
1
In plain English
A ">Venture Capital scheme filed under this Part is treated (for Income Tax Act, FEMA and related purposes) as a Category I Alternative Investment Fund 'venture capital fund'.
In plain English
2
The rule, in its own words
Read the exact text of Regulation 18
18. A Venture Capital Scheme under this Part shall be filed with the Authority as "venture capital fund" under Category I Alternative Investment Fund.
Explanation.- A Scheme filed under this Part may be construed as "venture capital fund" under Category I Alternative Investment Fund as referred under the Income Tax Act, 1961, the Foreign Exchange Management Act, 1999, or any rules, regulations, circulars, notifications, guidelines issued under these Acts or any other relevant statute.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
3
What this means in practice
Compliance actions
- Applies to
- Venture Capital scheme
- Frequency
- Reference / one-time at filing
- Evidence
- Scheme filing referencing Category I AIF characterisation
4
Where it connects
Read alongside
5
Check yourself
Quiz Centre
Test yourself on Regulation 18
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
A Venture Capital scheme is treated, for Income Tax Act and FEMA purposes, as equivalent to what?
6
Your notes
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