Explain the conditions to become an Angel investor under SEBI (Venture Capital Fund) Regulations, 1996.
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2020
Explain the conditions to become an Angel investor under SEBI (Venture Capital Fund) Regulations, 1996.
Answer & Explanation:
'Angel Investor' means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely, (a) an individual investor who has net tangible assets of at least two crore rupees excluding value of his principal residence, and who: has early stage investment experience, or has experience as a serial entrepreneur, or is a senior management professional with at least ten years of experience. (b) a body corporate with a net worth of at least ten crore rupees; or (c) an Alternative Investment Fund registered under SEBI AIF Regulations or a Venture Capital Fund registered under the SEBI (Venture Capital Funds) Regulations, 1996.
Topics: Venture Capital Fund
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