Investment in securities listed on SME exchange: venture capital funds may subscribe to unsubscribed issues or engage in market making. The amendment inserts Regulation 12A permitting a venture capital fund to enter into an agreement with a merchant banker to subscribe to the unsubscribed portion of an issue or to receive or deliver securities in the process of market making under the Issue of Capital and Disclosure Requirements, and provides that Regulation 12 shall not apply to acquisitions or sales pursuant to such subscription or market making.
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.
Investment in securities listed on SME exchange: venture capital funds may subscribe to unsubscribed issues or engage in market making.
The amendment inserts Regulation 12A permitting a venture capital fund to enter into an agreement with a merchant banker to subscribe to the unsubscribed portion of an issue or to receive or deliver securities in the process of market making under the Issue of Capital and Disclosure Requirements, and provides that Regulation 12 shall not apply to acquisitions or sales pursuant to such subscription or market making.
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