Eligibility requirements for migrated venture capital funds: contribution thresholds and investor complaint clearance required before certification. Applicants for certification as migrated venture capital funds must hold prior VCF registration, be fit and proper, furnish Board-specified information, and have no pending investor complaints regarding non-receipt of funds or securities for schemes with unliquidated assets. Additionally, each scheme must avoid investors whose contributions fall below the prescribed minimum except for specified employee and insider exemptions, and must obtain a firm investor commitment at or above the required contribution threshold before starting operations.
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Eligibility requirements for migrated venture capital funds: contribution thresholds and investor complaint clearance required before certification.
Applicants for certification as migrated venture capital funds must hold prior VCF registration, be fit and proper, furnish Board-specified information, and have no pending investor complaints regarding non-receipt of funds or securities for schemes with unliquidated assets. Additionally, each scheme must avoid investors whose contributions fall below the prescribed minimum except for specified employee and insider exemptions, and must obtain a firm investor commitment at or above the required contribution threshold before starting operations.
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