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        SEBI

        Regulation 10 - Effect of refusal to grant certificate.

        Securities And Exchange Board of India (Venture Capital Funds) Regulations, 1996
        Chapter II
        Registration of Venture Capital Funds

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        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.
                        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.

                              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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