The Securities and Exchange Board of India (SEBI) on December 01, 2025, issued the Securities and Exchange Board of India (Foreign Venture Capital Investors) (Amendment) Regulations, 2025, further to amend the Securities and Exchange Board of India (Foreign Venture Capital Investors) Regulations, 2000.
This shall come into force from December 03, 2025.
The following has been amended, namely: -
• In regulation 2 (1), after clause (k), a new clause shall be inserted, “(ka) “Single Window Automatic and Generalised Access for Trusted Foreign Investor” or “SWAGAT-FI” shall have the same meaning as assigned to it under clause (r) of subregulation (1) of regulation 2 of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019;”.
• In regulation 3 (2), after the first proviso, a new proviso shall be inserted, namely, - “Provided further that the provisions of sub-regulation (2) shall not be applicable to a SWAGAT-FI.”
• In regulation 9 (2), a proviso shall be inserted, “Provided that in case of a SWAGAT-FI, the renewal fees shall be paid for every block of ten years, from the beginning of the eleventh year from the date of grant of certificate of registration as specified in the Second Schedule.”
• In regulation 11, after clause (c) and before the Explanation clause, a proviso shall be inserted, “Provided that the investment limits of 66.67% specified under sub-clause (i) and 33.33% specified under sub-clause (ii) of clause (c) shall not be applicable to SWAGAT-FIs.”
[Notification no. - SEBI/LAD-NRO/GN/2025/280]
