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    <title>Relaxation in timeline with respect to Accredited Investor mandate for Angel Funds</title>
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    <description>The deadline for Angel Funds registered on or before September 10, 2025 to implement the Accredited Investor mandate is extended to March 31, 2027. Until that date, these funds may not offer investment opportunities to more than 200 non-Accredited Investors. From March 31, 2027, they may not accept contributions from non-Accredited Investors for investment in an investee company. Existing investors may continue to hold investments already made under the applicable private placement memorandum or fund documents.</description>
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    <pubDate>Mon, 07 Sep 2026 00:00:00 +0530</pubDate>
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      <title>Relaxation in timeline with respect to Accredited Investor mandate for Angel Funds</title>
      <link>https://www.taxtmi.com/circulars?id=71187</link>
      <description>The deadline for Angel Funds registered on or before September 10, 2025 to implement the Accredited Investor mandate is extended to March 31, 2027. Until that date, these funds may not offer investment opportunities to more than 200 non-Accredited Investors. From March 31, 2027, they may not accept contributions from non-Accredited Investors for investment in an investee company. Existing investors may continue to hold investments already made under the applicable private placement memorandum or fund documents.</description>
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      <pubDate>Mon, 07 Sep 2026 00:00:00 +0530</pubDate>
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