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TMI BlogEligibility Criteria.X X X X Extracts X X X X X X X X Extracts X X X X ..... orandum of association as has its main objective, the carrying on of the activity of a venture capital fund; (ii) it is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities; (iii) its director or principal officer or employee is not involved in any litigation connected with the securities market which may have an adverse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t any time, been convicted of any offence involving moral turpitude or of any economic offence; 2[(v)the applicant is a fit and proper person;] 3[(c) if the application is made by a body corporate- (i) it is set up or established under the laws of the Central or State Legislature. (ii) the applicant is permitted to carry on the activities of a venture capital fund. (iii) the applicant is a fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .e.f. 05-01-1998. 3. Inserted by the SEBI (Venture Capital Funds) (Amendment) Regulations, 1999, w.e.f. 17-11-1999. 4. Renumbered by the SEBI (Venture Capital Funds) (Amendment) Regulations, 1999, w.e.f. 17-11-1999. 5. Substituted for "a company or trust" by the SEBI (Venture Capital Funds) (Amendment) Regulations, 2000, w.e.f. 15-09-2000. 6. Inserted by the SEBI (Venture Capital Funds) (Secon ..... X X X X Extracts X X X X X X X X Extracts X X X X
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