Ivca
IVCA's Budget wish: Equal tax treatment for listed and unlisted investments
Argues that taxes on unlisted securities are nearly 2.4x those of listed ones, even as investments into unlisted firms and startups were leading asset and job creation
 "IVCA's Budget wish: Equal tax treatment for listed and unlisted investments")
IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman
The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India
 "IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman")
Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
New Mauritius tax norms to hit PE investments in India, says IVCA
The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation
 "New Mauritius tax norms to hit PE investments in India, says IVCA")
VC the most outstanding asset class for India in 2021: IVCA-Preqin
India's total AUM at $61bn as of 15, December 2020, with $15bn of dry powder as of end of Sept 2021
 "VC the most outstanding asset class for India in 2021: IVCA-Preqin")
Into the tax net: Pooled fund not service providing entity, says IVCA
Specific to AIFs, the IVCA said the funds are a mere pooling vehicle and not a service providing entity
 "Into the tax net: Pooled fund not service providing entity, says IVCA")
Indian VC industry grows by 55% in 2019; Rs 72,0000 crore invested
The report was prepared by Bain & Company in partnership with Indian Private Equity & Venture Capital Association (IVCA)
 "Indian VC industry grows by 55% in 2019; Rs 72,0000 crore invested")
Industry group pitches for removal of surcharge on category III AIFs
Pass-Through status for category III funds has been a long-pending industry demand
 "Industry group pitches for removal of surcharge on category III AIFs")
Gopal Srinivasan appointed as new chairman of IVCA
Tata Opportunities Fund, Managing Director, Padmanabh Sinha will be the new vice-chairman.
PE & VC industry welcomes Guidelines for application of sec 9A
Guideline provides eligibility criteria and procedures for providing safe-harbour to foreign fund managers residing in India.
 "PE & VC industry welcomes Guidelines for application of sec 9A")
