Eligibility Criteria.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... is made by a company :- (i) memorandum of association as has its main objective, the carrying on of the activity of a venture capital fund; (ii) it is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities; (iii) its director or principal officer or employee is not involved in any litigation connected with the secur....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of its trustee company, if any, or a trustee has not at any time, been convicted of any offence involving moral turpitude or of any economic offence; ^2[(v)the applicant is a fit and proper person;] ^3[(c) if the application is made by a body corporate- (i) it is set up or established under the laws of the Central or State Legislature. (ii) the applicant is permitted to carry on the ac....