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Application for Grant of Certificate.

VENTURE CAPITAL FUNDS 3. (1) Any company or trust 1[or a body corporate] proposing to carry on any activity as a venture capital fund on or after the commencement of these regulations shall make an application to the Board for grant of a certificate. (2) Any company or trust 2[or a body corporate], who on the date of commencement of these regulations is carrying any activity as a venture capital f .....

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a venture capital fund. (5) The Board may in the interest of the investors issue directions with regard to the transfer of records, documents or securities or disposal of investments relating to its activities as a venture capital fund. (6) The Board may in order to protect the interests of investors appoint any person to take charge of records, documents, securities and for this purpose also det .....

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