Regulation 19AC - Contents of Placement Memorandum - Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012

1 [Contents of Placement Memorandum. 19AC . The placement memorandum or the subscription agreement with investors shall contain the following, namely (a) details of the trustees or trustee company and the directors or chief executives of the migrated venture capital fund; (b) the corpus of the fund, the minimum amount to be raised for the fund to be operational, the minimum amount to be raised for each scheme and the provision for refund of monies to the investor in the event of non-receipt of minimum amount; (c) details of entitlements on the units of venture capital fund for which subscription is being sought; (d) tax implications that are likely to apply to investors; (e) manner of subscription to the units of the migrated venture capital fund; (f) the period of maturity, if any, of the fund; (g) the manner, if any, in which the fund shall be wound up; (h) the manner in which the benefits accruing to investors in the units of the trust are to be distributed; (i) details of the fund manager or asset management company, if any, and the fees to be paid to such manager; (j) the details about performance of the fund, if any, managed by the Fund Manager; (k) investment strategy of the fund; and (l) any other information specified by the Board. ] ***************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/194 dated 11-07-2024