Investment by migrated venture capital fund

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....migrated venture capital fund shall not invest more than 25% corpus of the fund in a single venture capital undertaking; (b) the migrated venture capital fund may invest in the securities of companies incorporated outside India subject to such conditions or guidelines that may be stipulated or issued by the Reserve Bank of India and the Board from time to time; (c) The migrated v....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... year; (d) investment in the equity shares or equity linked instruments of a financially weak company or a sick industrial company whose shares are listed. Explanation. - For the purpose of these regulations, a "financially weak company" means a company, which has at the end of the previous financial year, accumulated losses, which has resulted in the erosion of more than 50....