Angel fund scheme prohibition bars launching schemes to solicit funds or to make investments under alternative investment rules. An angel fund is prohibited from launching any schemes to solicit funds from angel investors or to make investments under Regulation 19E; prior regime ... Summary
Angel fund scheme prohibition bars launching schemes to solicit funds or to make investments under alternative investment rules.
An angel fund is prohibited from launching any schemes to solicit funds from angel investors or to make investments under Regulation 19E; prior regime elements concerning scheme filings, material disclosures and an investor cap were superseded by subsequent amendments, and company law may apply where an angel fund is formed as a company.
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