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        SEBI

        Regulation 18 - Circulation of placement memorandum.

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

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        Placement memorandum waiting period requires private circulation only after the prescribed interval and incorporation of Board amendments. Placement memoranda for venture capital funds may be circulated privately only after the prescribed waiting period following submission to the Board. If the Board communicates amendments within that period, the fund must incorporate such amendments before circulating the memorandum to investors.
                        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.

                              Placement memorandum waiting period requires private circulation only after the prescribed interval and incorporation of Board amendments.

                              Placement memoranda for venture capital funds may be circulated privately only after the prescribed waiting period following submission to the Board. If the Board communicates amendments within that period, the fund must incorporate such amendments before circulating the memorandum to investors.


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