Liability for action in case of default: venture capital fund contraventions trigger intermediary enforcement procedures and compliance measures. Regulation 30 makes a venture capital fund liable for action where it contravenes the Act or these Regulations, fails to furnish required information, provides materially false or misleading information, omits required periodic returns, refuses to cooperate in enquiries, inspections or investigations, or fails to resolve investor complaints; such defaults are to be dealt with under Chapter V of the Intermediaries Regulations, 2008.