Certificate requirement for venture capital funds: registration obligation, application process and Board powers to control assets and protect investors. Venture capital funds (companies, trusts or bodies corporate) must apply to the Board for a certificate in Form A with the prescribed non refundable fee; entities operating without a certificate at commencement must apply within the transitional period (subject to Board extension), and failure to do so terminates their ability to carry on venture capital activities. The Board may direct transfer or disposal of records, documents, securities or investments and appoint persons to take charge of such assets to protect investor interests.