https://www.taxtmi.com/circulars?id=57767 SEBI requires Angel Funds to file a prescribed term sheet when launching schemes, containing material information (investee profile, investment size, securities, valuation, fees, exit provisions, distribution waterfall, lock-in and co-investment). The term sheet must be filed with the Board within ten days of scheme launch and follow Annexure II. Amendments update references to the Companies Act, 2013 and state that the Companies Act applies to Angel Funds formed as companies. The term sheet must evidence compliance with AIF provisions including investor lists, corpus conditions, investment limits, sponsor and manager continuing interest, investor approvals, and material change reporting. en-us Fri, 29 Jun 2018 00:00:00 +0530 Wed, 28 Nov 2018 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57767 SEBI requires Angel Funds to file a prescribed term sheet when launching schemes, containing material information (investee profile, investment size, securities, valuation, fees, exit provisions, distribution waterfall, lock-in and co-investment). The term sheet must be filed with the Board within ten days of scheme launch and follow Annexure II. Amendments update references to the Companies Act, 2013 and state that the Companies Act applies to Angel Funds formed as companies. The term sheet must evidence compliance with AIF provisions including investor lists, corpus conditions, investment limits, sponsor and manager continuing interest, investor approvals, and material change reporting. Circulars SEBI Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57767