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        Case ID :
        SEBI

        Relaxation in timeline for disclosure of allocation methodology by Angel Funds

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        Disclosure of allocation methodology: Angel Funds must follow PPM methodology for allocations after extended compliance deadline. Existing Angel Funds must disclose a defined allocation methodology in their Private Placement Memoranda and ensure that any investment made after the extended compliance date is allocated in accordance with the methodology disclosed in the PPM.
                  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.

                        Disclosure of allocation methodology: Angel Funds must follow PPM methodology for allocations after extended compliance deadline.

                        Existing Angel Funds must disclose a defined allocation methodology in their Private Placement Memoranda and ensure that any investment made after the extended compliance date is allocated in accordance with the methodology disclosed in the PPM.


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