Investment by migrated venture capital fund

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..... l fund shall not invest more than 25% corpus of the fund in a single venture capital undertaking; (b) the migrated venture capital fund may invest in the securities of companies incorporated outside India subject to such conditions or guidelines that may be stipulated or issued by the Reserve Bank of India and the Board from time to time; (c) The migrated venture capital fund shall not invest in t .....

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..... ompany or a sick industrial company whose shares are listed. Explanation. For the purpose of these regulations, a financially weak company means a company, which has at the end of the previous financial year, accumulated losses, which has resulted in the erosion of more than 50% but less than 100% of its net worth at the beginning of the previous financial year; (e) investment in the Special Purpo .....

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..... n or market making. (3) Notwithstanding the conditions as specified in sub-regulations (1) and (2), the Board may specify additional requirements or criteria for investments by the migrated venture capital funds. ] ***************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/194 dated 11-07-2024 - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulat .....

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