Venture capital fund agreements for SME exchange subscriptions and market making exempt certain acquisitions and sales from regulation. Venture capital funds may enter agreements with a merchant banker to subscribe to the unsubscribed portion of an issue or to receive or deliver securities in the process of market making under Chapter XA of the Issue of Capital and Disclosure Requirements; in such cases, the investment restriction in Regulation 12 does not apply to those acquisitions or sales.
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.
Venture capital fund agreements for SME exchange subscriptions and market making exempt certain acquisitions and sales from regulation.
Venture capital funds may enter agreements with a merchant banker to subscribe to the unsubscribed portion of an issue or to receive or deliver securities in the process of market making under Chapter XA of the Issue of Capital and Disclosure Requirements; in such cases, the investment restriction in Regulation 12 does not apply to those acquisitions or sales.
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