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    <title>Filing of Placement Memorandum</title>
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    <description>Private-placement Venture Capital schemes may be launched through filing a placement memorandum and applicable fee under a green-channel process, permitting subscription after the memorandum is taken on record. The memorandum remains valid for twelve months, within which the FME must achieve the prescribed minimum corpus and declare first close. Successive six-month extensions may be sought during validity upon payment of prescribed fees. Material changes to placement memorandum information must be immediately disclosed to the Authority.</description>
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      <description>Private-placement Venture Capital schemes may be launched through filing a placement memorandum and applicable fee under a green-channel process, permitting subscription after the memorandum is taken on record. The memorandum remains valid for twelve months, within which the FME must achieve the prescribed minimum corpus and declare first close. Successive six-month extensions may be sought during validity upon payment of prescribed fees. Material changes to placement memorandum information must be immediately disclosed to the Authority.</description>
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