SEBI has amended SEBI (Alternative Investment Funds) Regulation, 2012. Amendment has been made to Regulation 2, 10, 19A, 19D, 19E, and 19F. Under revised norms, mostly the word ‘Companies Act, 2013’ has been substituted in place of ‘Companies Act, 1956’. Under regulation 19D, the limit of corpus for angel fund has been reduced from Rs. 10 Cr. to Rs. 5 Cr. Also, the maximum limit of investment by an angel fund in any venture capital undertaking has been hiked to Rs. 10 Cr. from Rs. 5 Cr.
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