Regulation 15 - Private placement. - Securities And Exchange Board of India (Venture Capital Funds) Regulations, 1996

Private placement. 15. A venture capital fund may receive monies for investment in the venture capital fund 1 [only] through private placement of its 2 [***] units. --------------------- Notes: 1. Inserted by the SEBI (Venture Capital Funds) (Amendment) Regulations, 2000, w.e.f. 15-09-2000. 2. Words securities or , omitted by the SEBI (Venture Capital Funds) (Second Amendment) Regulations, 2000, w.e.f. 30-12-2000.