Angel fund investment caps restrict funding to startups outside large corporate groups and impose participation and lock in conditions. Regulation 19F confines angel fund investments to startups outside corporate groups exceeding the specified turnover threshold, defines corporate group and group turnover, allows follow on investments under Board conditions, prescribes minimum and maximum investment limits and a Board specified lock in, bars investment in associates, requires each investment to have at least two accredited investors, prohibits contributions from related party angel investors to an investee, and permits foreign company securities investment subject to RBI and Board conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Angel fund investment caps restrict funding to startups outside large corporate groups and impose participation and lock in conditions.
Regulation 19F confines angel fund investments to startups outside corporate groups exceeding the specified turnover threshold, defines corporate group and group turnover, allows follow on investments under Board conditions, prescribes minimum and maximum investment limits and a Board specified lock in, bars investment in associates, requires each investment to have at least two accredited investors, prohibits contributions from related party angel investors to an investee, and permits foreign company securities investment subject to RBI and Board conditions.
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