Question

What conditions must a body corporate fulfill when applying for registration as a venture capital fund?

a.

It must be set up or established under the laws of the Central Legislature only.

b.

Its director or any trustee must not be involved in any litigation connected with Securities Market.

c.

Its director or any trustee must have been convicted at some point in time.

d.

It is not required to be a fit and proper person.

Answer: (b).Its director or any trustee must not be involved in any litigation connected with Securities Market. Explanation:For a body corporate applying for registration as a venture capital fund, one of the conditions is that its director or any trustee must not be involved in any litigation connected with Securities Market.

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Q. What conditions must a body corporate fulfill when applying for registration as a venture capital fund?

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