Placement memorandum filing under green channel permits venture capital schemes to open subscriptions upon acknowledgment, subject to material-change disclosures. A Fund Management Entity may launch Venture Capital schemes by private placement after filing a placement memorandum and the applicable fee. Green-channel ... Summary
Placement memorandum filing under green channel permits venture capital schemes to open subscriptions upon acknowledgment, subject to material-change disclosures.
A Fund Management Entity may launch Venture Capital schemes by private placement after filing a placement memorandum and the applicable fee. Green-channel filing permits investor subscriptions upon communication that the memorandum has been taken on record, which is treated as a Certificate of Registration for Income Tax Act purposes. The memorandum remains valid for twelve months, subject to successive six-month extensions where the minimum corpus is not achieved. Material changes must be immediately reported to the Authority.
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