Schemes

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..... 4 [***] 5 [(2)] No scheme of the angel fund shall have more than 6 [two hundred] angel investors. 7 [Provided that the provisions of the Companies Act, 2013 shall apply to the Angel Fund, if it is formed as a company.] ****** 1 Inserted by the SEBI (Alternative Investment Fund) (Amendment) Regulations, 2013, w.e.f. 16-09-2013 2 Substituted by the SEBI (Alternati .....

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..... o the applicant prior to launch of the Scheme and the applicant shall incorporate the comments in the scheme memorandum prior to launch of the scheme. 5 Substituted by the SEBI (Alternative Investment Funds)(Amendment) Regulations, 2018, w.e.f. 01-06-2018. Prior to the substitution, it read as (4) 6 Substituted for the words forty nine by the SEBI (Alternative Investment Funds) (Amendme .....

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