Foreign VC registration now mandates minimum capital commitment and supporting investor documents and contact details. Form A now requires firm commitment letters from investors showing an aggregate minimum capital commitment, financial statements of the applicant and the investors who provided such commitments for the preceding financial year, and the names, addresses, telephone numbers and e-mail addresses of all directors and of all investors who furnished firm commitment letters.
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Provisions expressly mentioned in the judgment/order text.
Foreign VC registration now mandates minimum capital commitment and supporting investor documents and contact details.
Form A now requires firm commitment letters from investors showing an aggregate minimum capital commitment, financial statements of the applicant and the investors who provided such commitments for the preceding financial year, and the names, addresses, telephone numbers and e-mail addresses of all directors and of all investors who furnished firm commitment letters.
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