Limited Partnership Agreement Venture Capital Template for India

1. Key Person Provisions: Used when specific individuals are crucial to the partnership's operation, defining their roles and consequences of their departure

2. FCPA Compliance: Required when the partnership involves US investors or cross-border transactions

3. Co-Investment Rights: Include when partners have rights to co-invest in portfolio companies

4. ESG Provisions: Environmental, Social and Governance provisions, increasingly common in modern VC agreements

5. Strategic Investment Provisions: Used when corporate strategic investors are involved with special rights

6. SEBI Specific Compliance: Additional compliance sections required for SEBI-registered funds

7. Foreign Investment Provisions: Required when foreign investors are involved, addressing FEMA compliance

8. Excuse and Exclusion: Provisions allowing LPs to be excused from certain investments due to regulatory or policy restrictions

1. Schedule 1 - List of Partners: Details of all partners including contact information and commitment amounts

2. Schedule 2 - Investment Guidelines: Detailed investment criteria, sectors, stages, and geographical focus

3. Schedule 3 - Management Fee Calculations: Detailed calculation methodology for management fees

4. Schedule 4 - Distribution Waterfall: Detailed mechanics of profit sharing and distribution priorities

5. Schedule 5 - Valuation Policy: Methodology for valuing portfolio investments

6. Schedule 6 - Form of Capital Call Notice: Template for capital call notices to Limited Partners

7. Schedule 7 - SEBI Compliance Checklist: Regulatory compliance requirements and checkpoints

8. Schedule 8 - Subscription Agreement: Standard form of subscription agreement for Limited Partners

9. Appendix A - Power of Attorney: Standard form of power of attorney granted to General Partner

10. Appendix B - Tax Considerations: Summary of tax implications and structuring considerations