GENERAL OBLIGATIONS AND RESPONSIBILITIES
Prohibition on inviting subscription from the public
No advertisement to public
Through private placement
The venture capital fund shall –
Issue a placement memorandum or
Enter into contribution or subscription agreement with the investors which
shall specify the terms and conditions subject to which money is proposed to
be raised.
The copy of the placement memorandum or subscription agreement should be
filed with the board
Prohibition on inviting subscription from the public
No advertisement to public
Through private placement
The venture capital fund shall –
Issue a placement memorandum or
Enter into contribution or subscription agreement with the investors which
shall specify the terms and conditions subject to which money is proposed to
be raised.
The copy of the placement memorandum or subscription agreement should be
filed with the board