CONDITIONS OF CERTIFICATE :

The certificate to be granted to the foreign venture capital is subject to the the conditions that:

(i) it should abide by the provisions of the Act, and these regulations;

(ii) it should appoint a domestic custodian for purpose of custody of securities;

(iii) it should enter into arrangement with a designated bank for the purpose of operating a special nonresidentrupee or foreign currency account;

(iv) it should forthwith inform SEBI in writing if any information or particulars previously submitted to SEBI are found to be false or misleading in any material particular or if there is any change in the information already submitted.