https://www.taxtmi.com/acts?id=34344 Regulation 19D requires angel funds to raise capital only from accredited investors by issuing units, allows key management personnel to invest, eliminates minimum investment thresholds, and mandates fundraising by private placement through a placement memorandum filed with the Board via a merchant banker. The Board may comment and those comments must be incorporated before circulation. An angel fund must on-board at least five accredited investors before its first close, failing which it must refile the placement memorandum and pay the requisite fee; Companies Act provisions apply if the fund is a company. en-us Mon, 31 Dec 2018 16:33:59 +0530 Wed, 10 Sep 2025 12:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34344 Regulation 19D requires angel funds to raise capital only from accredited investors by issuing units, allows key management personnel to invest, eliminates minimum investment thresholds, and mandates fundraising by private placement through a placement memorandum filed with the Board via a merchant banker. The Board may comment and those comments must be incorporated before circulation. An angel fund must on-board at least five accredited investors before its first close, failing which it must refile the placement memorandum and pay the requisite fee; Companies Act provisions apply if the fund is a company. Act-Rules SEBI Mon, 31 Dec 2018 16:33:59 +0530 https://www.taxtmi.com/acts?id=34344