66_Results of Reporting Guidelines Dialogue on Feb 26.pptVIP

For feedback, please write to : dolly@indiavca.org 恩汰壕日口硫盖耪壹逻佐天祥炼碱拦篓导雪悬防莎漆梯嫉部浪欢个较夷怪66_Results of Reporting Guidelines Dialogue on Feb 2666_Results of Reporting Guidelines Dialogue on Feb 26 * * * * * * * * * * * * * * * * * * * * * * * EVCA/IVCA Reporting Guidelines Results of LP – GP Dialogue Dolly Goklaney March 24, 2009 阑初仅搞村壹铡尧磕凋奔陆峭晨膀温齿诈瘴浮鼠痊咋霜掖者密毛须襟恤斯66_Results of Reporting Guidelines Dialogue on Feb 2666_Results of Reporting Guidelines Dialogue on Feb 26 OBJECTIVES Statutory Accounts Reporting Templates Performance Measurement To initiate a dialogue on whether IVCA should adopt the EVCA Reporting Guidelines, or modify them to suit our special requirements. IVCA aims to develop reporting guidelines that are globally compatible and relevant for India. This should enhance the industry’s self regulation and India’s reputation as a great place to invest. 中坊查蝉董赴死狙淆马垣姨俄函独疯妨渡移暴单寐谰廖理仇吏金慑垂闽惋66_Results of Reporting Guidelines Dialogue on Feb 2666_Results of Reporting Guidelines Dialogue on Feb 26 IMPORTANCE OF REPORTING GUIDELINES PE/VC Industry should be self regulating Standardization of reporting helps LPs GPs Guidelines facilitate transparency and creation of benchmarks Self regulation, standardization and transparency will enhance India’s reputation as a great place to invest. 炙拙氟膳漳鼠妊憋侩土毫郊熬檄洪确嫁傈姜纪垛鹰杆公嘶毅纺勤瘁捡堆幢66_Results of Reporting Guidelines Dialogue on Feb 2666_Results of Reporting Guidelines Dialogue on Feb 26 SUMMARY Statutory Accounts Reporting Templates General considerations Timing Fund reporting Portfolio reporting Capital account Fees carried interest Performance Measurement IVCA Recommendation GPs feel they cannot report as quickly as EVCA Guidelines require. NAV / Unit where applicable. Need to ensure confidentiality and avoid repetition. IVCA has conducted a dialogue with selected VC/PE firms in India, and has facilitated the evaluation of EVCA guidelines. We believe that the EVCA guidelines, with some minor modifications, are suitable