IVCA Capital Call

● IVCA Conclave 2021 ● Spotlight ● Advocacy
● IVCA in the News ● Member's Speak ● New Members

IVCA Conclave 2021

IVCA is organizing the 10th edition of its annual flagship event 'IVCA Conclave 2021' on the 17th (Wed), 18th (Thu) & 19th (Fri) March, 2021. This time it's Virtual. Brace yourself for the three day virtual event with debates and discussions on the current regulatory environment, celebrating successes of PE/ VC funds and Start-ups among other issues. Click here for more details.

Registration Link

We thank our Sponsors for their support for the IVCA Conclave 2021

Spotlight

♦ Prarambh
Department for Promotion of Industry and Internal Trade (DPIIT), Startup India partnered with IVCA for organizing two closed-door virtual roundtables.

Global Funds Regulatory Roundtable on 15th January, chaired by Shri Piyush Goyal, Minister of Commerce and Industry, Dr Guruprasad Mohapatra, Secretary, DPIIT & Shri Anil Agrawal, Joint Secretary, DPIIT received participation of around 70 VC fund investors from across the United States, Japan, Korea, Singapore, and some Global Funds domiciled in India, all of these funds had a total AUM to the north of $41 Bn in the Indian Region and Global AUM of more than $143 Bn.

Mobilizing Domestic Capital for Startups on 16th January, chaired by Hon'ble Finance Minister Smt. Nirmala Sitharaman, Dr Guruprasad Mohapatra, Secretary, DPIIT, Shri Anil Agrawal, Joint Secretary, DPIIT. The session received participation of around 60+ Indian VC fund investors, all of these funds had a combined AUM to the north of Rs 1.4 lakh crores, respectively.

♦ IVCA and EY's Spotlight Series - Pharma Talk had over 120 attendees. The panelists gave insights on Post deal value creation and Due diligence aspects for the pharma sector. Click here to view the recording.

Advocacy

♦ Ongoing conversation with SEBI on the following: Addressal mechanism on Commercial Disputes of AIF Investors, Proposals for regulation of distributors, Framework for Co-investment, Investor Charter and Preliminary list of indicative services provided by AIFs to its investors, Information on fees and charges of AIFs, White paper on Fund of Funds, Appointing additional AIF Performance Benchmarking agencies, White paper on PCV/SPV, Changes in PMS rules to enable AIF managers to undertake investment management services under this regulation, Relaxed/Hybrid Regime Model, Special Situation Fund, CAT I AIFs Investment into NBFC, direct listing in foreign jurisdiction.

Click here to view the other crucial representations and updates for the month of January.
In case you have any enquiries, please write to us at advocacy@ivca.in.

♦ IVCA and its members received robust media coverage in January 2021 with 24 coverage coming across television, print, and digital media.

♦ Karthik Reddy, Renuka Ramnath, Nipun Sahni, Manish Jindal, Siddarth Pai, and Vikram Gupta participated in shows on CNBC TV18. Ashish Fafadia participated for a story in Tech Circle. Siddharth Pai participated for a story in Hindu Business Line.

Click here to view other media coverage from the month of January, 2021

Shagoofa Rashid Khan & Vivaik Sharma
Cyril Amarchand Mangaldas

Remembering the year 2020 could easily turn one pensive. The year posed unprecedented challenges for the funds industry, driving-forth fundamental changes in the manner business would be conducted alongside the pandemic. The year also marked an important milestone in the ever-evolving regulatory landscape, with several amendments critical for funds and fund managers being rolled out.
This annual round-up takes a closer look at 2020's most important regulatory developments impacting funds and fund managers and analysing their impact on the industry.
Read the full article here.