https://www.taxtmi.com/acts?id=34344 Angel funds may raise capital only from accredited investors through units, while key management personnel of the fund or its manager may invest. No minimum investment value applies to angel investors. Fundraising must occur by private placement through an information memorandum or placement memorandum, which must be filed with the Board at registration. At least five accredited investors must be onboarded before first close. Failure to declare first close as prescribed requires refiling the placement memorandum and paying the prescribed fee. en-us Mon, 31 Dec 2018 16:33:59 +0530 Wed, 15 Jul 2026 10:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34344 Angel funds may raise capital only from accredited investors through units, while key management personnel of the fund or its manager may invest. No minimum investment value applies to angel investors. Fundraising must occur by private placement through an information memorandum or placement memorandum, which must be filed with the Board at registration. At least five accredited investors must be onboarded before first close. Failure to declare first close as prescribed requires refiling the placement memorandum and paying the prescribed fee. Act-Rules SEBI Mon, 31 Dec 2018 16:33:59 +0530 https://www.taxtmi.com/acts?id=34344