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<h1>Procedure for Granting Registration Certificate to Venture Capital Funds Under Regulation 7 of SEBI Regulations, 1996.</h1> Regulation 7 of the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996, outlines the procedure for granting a certificate to venture capital funds. If the Board finds the applicant eligible, it sends an intimation to the applicant. Upon receiving this intimation, the applicant must pay the registration fee as specified in the Second Schedule. Once the fee is received, the Board issues a certificate of registration in Form B.