Definition of Venture Capital Company and Fund

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*Venture Capital Company and Venture Capital Fund shall have the same meanings as are assigned to them under the **[Non-Banking Finance ***[Companies] (Establishment and Regulation) Rules, 2003]

According to Non Banking Finance Companies Establishment and regulation Rules 2003, venture capital company means a company licensed by the Commission to invest in venture projects through equity or other instruments whether convertible into equity or not and provides managerial or technical expertise to venture projects, or acts as a management company for management of venture capital fund.

 

 

 


*Added by Finance Act, 2002
**The words, brackets, comma and figure “Venture Capital Company and Venture Capital Fund Rules, 2001″substituted by the Finance Act, 2004.
***The word “Company”substituted by the Finance Act, 2005.

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