Question

What condition must be fulfilled by a company applying for registration as a venture capital fund?

a.

Its Memorandum of Association must prohibit any investment in securities.

b.

It must not have a dedicated pool of capital.

c.

Its director or principal officer must be involved in litigation connected with the Securities Market.

d.

Its Memorandum of Association must have as its main objective the carrying on the activity of a venture capital fund.

Answer: (d).Its Memorandum of Association must have as its main objective the carrying on the activity of a venture capital fund. Explanation:For a company applying for registration as a venture capital fund, its Memorandum of Association must have as its main objective the carrying on the activity of a venture capital fund.

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Q. What condition must be fulfilled by a company applying for registration as a venture capital fund?

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