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Investment in angel funds

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....management personnel of an angel fund or its manager may invest in the angel fund.] 6[(2) No minimum value of investment shall be applicable for investment in an angel fund by an angel investor.] 7[****] 8[(3)] Angel fund shall raise funds through private placement by issue of information memorandum or placement memorandum, by whatever name called.] 9[(4) Such placement memorandum shall be fil....

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....uisite fee under the Second Schedule.] 4[Provided that the provisions of the Companies Act, 2013 shall apply to the Angel Fund, if it is formed as a company.]   ************** NOTES:- 1 Inserted by the SEBI (Alternative Investment Fund) (Amendment) Regulations, 2013, w.e.f. 16-09-2013 2 Substituted by the SEBI (Alternative Investment Funds)(Amendment) Regulations, 2018, w.e.f. 01-06-2....

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