Venture capital fund approval: application requirements and supporting documents govern registration and tax compliance for funds. Application for approval of a Venture Capital Fund or Venture Capital Company requires Form No. 56AA disclosing name, address, formation/incorporation ... Summary
Venture capital fund approval: application requirements and supporting documents govern registration and tax compliance for funds.
Application for approval of a Venture Capital Fund or Venture Capital Company requires Form No. 56AA disclosing name, address, formation/incorporation details, objects, capital structure, business activities, accounting policies, systems and internal controls, associate organisations, management and board particulars, bankers, auditors, recent litigations, and investments. The form must be verified and submitted in duplicate to the competent tax board with supporting documents including trust deed or certificate of incorporation, regulatory registration certificate, audited financial statements for prior years, and specified ancillary forms.
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