Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

Investment conditions and restrictions.

de or to be made by a venture capital fund shall be subject to the following conditions, namely:- (a) venture capital fund shall disclose the investment strategy at the time of application for registration; (b) venture capital fund shall not invest more than 25% corpus of the fund in one venture capital undertaking; 2[(ba)venture capital fund may invest in securities of foreign companies subject t .....

X X X X X X X

Full Text of the Document

X X X X X X X

uity shares of a listed company subject to lock in period of one year; (d) the equity shares or equity linked instruments of a financially weak company or a sick industrial company whose shares are listed. Explanation 1.-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 ero .....

X X X X X X X

Full Text of the Document

X X X X X X X

ure capital fund shall not invest in the equity shares of any company or institution providing financial services; (b) at least 80 percent of funds raised by a venture capital fund shall be invested in:- (i) the equity shares or equity related securities issued by a company whose securities are not listed on any recognised stock exchange: Provided that a venture capital fund may invest in equity s .....

X X X X X X X

Full Text of the Document

X X X X X X X

equity shares the venture capital fund has invested under sub-clause (i) or sub-clause (ii),as the case may be. Explanation: For the purposes of this regulation, "funds raised" means the actual monies raised from investors for subscribing to the securities of the venture capital fund and includes monies raised from the author of the trust in case the venture capital fund has been establi .....

X X X X X X X

Full Text of the Document

X X X X X X X

Income Tax Act applicable to a venture capital fund, it shall be required to disinvest from such investments within a period of one year from the date on which the shares of the venture capital undertaking are listed in a recognized Stock Exchange. 7. Substituted for 25% by the SEBI (Venture Capital Funds) (Amendment) Regulations, 2004, w.e.f. 05-04-2004. 8. Words subject to lock-in period of one .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||