Form No. 56A Application For Approval Of A Venture Capital Fund Or A Venture Capital Company

In the document as attached above it must be note that the statute holding sheer importance, relevance and primacy being “Income tax act 1961” and it is the statute which shall hold sheer importance and primacy here

Also the usage is confined to filing Application For Approval Of A Venture Capital Fund Or A Venture Capital Company

                                                              

In the document as attached above there are certain fields which are to be complied with the particular individual and they are as follows:-

Name and address of the Venture Capital Fund/Venture Capital Company

Date and place of formation/incorporation (enclose a copy of trust deed/certificate of incorporation under Companies Act, 1956)

Objects of Venture Capital Fund/Venture Capital Company:

Main objects

Ancillary objects

Capital structure/shareholding pattern

Present nature of business activities

Number of years in that business

Accounting policies (furnish description of significant accounting policies)

Systems and procedures (furnish description of systems and procedures and essential internal controls in order to carry on the business)

Details of management:

Names of managers, directors with their experience, qualifications and profession.

Names of the key personnel

With all the above stated information there is the final attachment of the signature and at last verification is given in which it is well admitted that all the facts are true to one’s knowledge and belief


 

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