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        SEBI

        Regulation 14 - Prohibition on inviting subscription from the public.

        Securities And Exchange Board of India (Venture Capital Funds) Regulations, 1996
        Chapter IV
        General Obligations and Responsibilities

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        Prohibition on public solicitation: venture capital funds cannot issue advertisements inviting public subscription for their units under the rule. Prohibition on public solicitation: venture capital funds are forbidden from issuing any document or advertisement inviting offers from the public to subscribe to or purchase their units; an amendment omitted the words 'securities or' to clarify the scope as applying to units.
                        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.

                              Prohibition on public solicitation: venture capital funds cannot issue advertisements inviting public subscription for their units under the rule.

                              Prohibition on public solicitation: venture capital funds are forbidden from issuing any document or advertisement inviting offers from the public to subscribe to or purchase their units; an amendment omitted the words "securities or" to clarify the scope as applying to units.


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