The various schemes of an AngelFund are independent and investors would have to approve to be part of each scheme and consequently, investors in each scheme are ring-fenced from activities of other schemes of such Fund. Regulatory limitations restricting investors from participating in a certain scheme would not impact their approval and participation in another permitted scheme due to this independence.
SEBI has issued an informal guidance in response to certain queries with respect to Angel Funds under the SEBI (Alternative Investment Funds) Regulations, 2012
- By Regstreet Law Advisors
- / June 12, 2020
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