https://www.taxtmi.com/acts?id=3646 Guidelines prescribe the procedure for approval of a venture capital fund or venture capital company under clause (23FA) of section 10. An application in Form No. 56AA must be supported by specified incorporation, financial, and registration documents. Approval depends on SEBI registration, a twenty-five per cent investment cap in one venture capital undertaking, and maintenance and audit of books with the audit report furnished on time. Approval may be granted or refused by written order after hearing, may extend to a maximum of three assessment years, and must be withdrawn on specified non-compliance or cancellation of SEBI registration. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 16 May 2026 12:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3646 Guidelines prescribe the procedure for approval of a venture capital fund or venture capital company under clause (23FA) of section 10. An application in Form No. 56AA must be supported by specified incorporation, financial, and registration documents. Approval depends on SEBI registration, a twenty-five per cent investment cap in one venture capital undertaking, and maintenance and audit of books with the audit report furnished on time. Approval may be granted or refused by written order after hearing, may extend to a maximum of three assessment years, and must be withdrawn on specified non-compliance or cancellation of SEBI registration. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3646