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of <h1>Regulation 18 on Venture Capital Fund Placement Memoranda Omitted in 2000; Previously Required 21-Day Board Review Period.</h1> Regulation 18 of the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996, concerning the circulation of placement memoranda, was omitted by an amendment in 2000. Before its omission, the regulation stipulated that a placement memorandum could only be privately circulated after 21 days from its submission to the Board. If the Board required amendments within this period, the venture capital fund had to incorporate those changes before circulating the memorandum to investors.
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