SEBI will prescribe requirements for angel investor pools by which they can be recognised as Category I AIF venture capital funds
Venture Capital Funds have been allowed pass through status under the Income Tax Act. The relevant regulations of SEBI would be replaced by Alternative Investment Fund Regulations. The ‘pass through status’ has been extended to category I Alternative Investment Funds registered with SEBI as venture capital funds. Angel investors who are recognised as category I AIF venture capital funds will also get pass through status.
Source: Startup Central
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