Refusal to grant certificate bars venture capital fund activity and permits regulator to direct transfer or appoint custodian. Refusal to grant a certificate bars the applicant from carrying on any activity as a venture capital fund, and a company, trust or body corporate whose ... Summary
Refusal to grant certificate bars venture capital fund activity and permits regulator to direct transfer or appoint custodian.
Refusal to grant a certificate bars the applicant from carrying on any activity as a venture capital fund, and a company, trust or body corporate whose application is rejected must cease such activities from receipt of the Board's communication. The Board may direct transfer or disposal of records, documents, securities and investments, and may appoint a person to take charge of those records and assets on terms and conditions it specifies.
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