https://www.taxtmi.com/acts?id=34346 Regulation 19G requires the manager or sponsor to retain a continuing economic interest in each angel fund investment and prohibits meeting that interest by waiving management fees. The manager must obtain each angel investor's approval before accepting contributions for a specific investee investment, offer each opportunity to all angel investors, disclose a defined allocation methodology in the placement memorandum, accept contributions only from approving investors per that methodology, and allocate investment rights and distributions pro rata to contributions, with required disclosure where the target is an existing investee or related party. en-us Mon, 31 Dec 2018 16:41:36 +0530 Wed, 10 Sep 2025 12:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34346 Regulation 19G requires the manager or sponsor to retain a continuing economic interest in each angel fund investment and prohibits meeting that interest by waiving management fees. The manager must obtain each angel investor's approval before accepting contributions for a specific investee investment, offer each opportunity to all angel investors, disclose a defined allocation methodology in the placement memorandum, accept contributions only from approving investors per that methodology, and allocate investment rights and distributions pro rata to contributions, with required disclosure where the target is an existing investee or related party. Act-Rules SEBI Mon, 31 Dec 2018 16:41:36 +0530 https://www.taxtmi.com/acts?id=34346