Explain the following: (c) Venture Capital Undertaking

Venture Capital Undertaking: It means a domestic company that: Is not listed on a recognised stock exchange in India at the time of making investment; Is engaged in the business of providing services, production, or manufacture of articles or things and does not include the following activities or sectors: Non-banking financial companies; Gold financing; Activities not permitted under the industrial policy of the Government of India; Any other activity which may be specified by SEBI in consultation with the Government of India from time to time.