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..... ariations shall be construed accordingly,- (1) angel fund means a sub-category of Venture Capital Fund under Category I- Alternative Investment Fund that raises funds from angel investors and invests in accordance with the provisions of this Chapter. (2) angel investor means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely, (a) .....

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..... under the SEBI (Venture Capital Funds) Regulations, 1996. (3) company with family connection means: a. if the angel investor is an individual, i. any company which is promoted by such an individual or his relative; or ii. any company where the individual or his relative is a director; or iii. any company where the person or his relative has control, or shares or voting rights whi .....

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..... he same group and under the same management shall have the same meaning as assigned to it under regulation 23 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. iii. any company where the body corporate or its directors/partners have control, or shares or voting rights which entitle them to fifteen percent or more of the shares or .....

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