Venture Capital Investment Enterprises Tentative Procedures _1_ Corporate Venture Capital by fdjerue7eeu

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									Venture Capital Investment Enterprises Tentative Procedures (1) Corporate Venture
Capital

  Venture Capital Management Interim Measures for the business
 (2005 年 9 月 7 approved by the State Council, November 15, 2005 National
Development and Reform Committee of Science and Technology, Ministry of Finance,
Ministry of Commerce, People's Bank, the State Administration of Taxation, State
Administration for Industry, China Banking Regulatory Commission, China Securities
Regulatory Commission, issued jointly by the SAFE, since March 1, 2006 shall come
into force )

 of Chapter I the first to promote the development of venture capital enterprises,
standardize the operation of its investment, to encourage their investment in high-tech
SMEs, especially small and medium enterprises, according to "The People's Republic
of China Company Law", "Chinese people Republic of the SME Promotion Law "and
other laws and regulations formulated.
  second venture capital enterprises mentioned in these Measures means the register
established in the PRC engaged in venture capital organization.
 The term venture capital, entrepreneurial enterprise system point to an equity
investment to the venture business is relatively mature, mature or transfer of the main
access to capital appreciation through equity investment income.
 The term business enterprise, means the register established in the PRC in the
process of creating or re-growth enterprises, but excluding already listed enterprises in
the open market.
 third state record venture capital management enterprises. Where the record in
accordance with these Regulations to complete startup investment enterprise shall be
subject to Venture Capital enterprise management department, investment operations
to meet the requirements can enjoy policy support. Did not complete the filing in
accordance with these Regulations startup investment enterprise, from venture capital
business management department, did not enjoy the policy support.
  fourth venture capital business records management sub-State Council
administrative department and provincial (including sub-provincial cities)
management levels. The State Council administrative department for the National
Development and Reform Commission; provincial (including sub-provincial cities)
management by the people's governments at the same level, reported the State
Council administrative department carry out the corresponding record after record
management responsibilities, and the record companies in business investment
management business the guidance of the State Council's administrative department.
  Article for starting investment enterprise with foreign investment "venture
investment enterprises with foreign investment regulations." Established by law
starting investment enterprise with foreign investment, the investment operation
complies with the relevant conditions, can enjoy this way to give venture capital to
support business policies.
 Chapter of the establishment of venture investment companies and the record of
Article VI
 venture capital enterprise may limited liability company, corporation or other
business organization law established in the form.
 in the form of start-up company funded enterprises may entrust other venture capital
business, venture capital management consulting business as a management advisory
body, responsible for its investment management business. The legal relationship
between principal and agent for "General Principles of Civil Law", "Contract Law"
and other relevant laws and regulations.
  Article VII application for the establishment of venture capital companies and
venture investment management advisory business, according to industry and
commerce administrative departments directly to the registration.
 of Article VIII of the national industrial and commercial administration for
registration of venture capital enterprises, the State Council administrative department
to apply for the record.
 provincial level and provincial level in the following industrial and commercial
administration departments registered venture capital companies at the provincial
level (including sub-provincial city) authorities for the record.
  Article venture capital business to management for the record shall meet the
following conditions:
 (1) has been registered in industrial and commercial administrative department.
 (b) the scope of Article XII of the present Measures.
 (c) paid-up capital of not less than 30 million yuan, or the initial paid-up capital of
not less than 10 million yuan and the commitment of all investors within 5 years after
registration, make up no less than 30 million yuan paid-up capital.
 (4) investors may not exceed 200. Among them, a limited liability company form of
venture capital enterprises, investors, not more than 50 people. Individual investors
invest in venture capital enterprises shall not less than 100 million yuan. All investors
should be invested in money form.
 (5) At least 3 years with 2 or relevant business experience in venture capital, senior
managers take responsibility for investment management. Commissioned by other
venture capital companies, venture investment management advisory business as a
management advisory body responsible for its investment management business,
management consultants must have at least 3 years with 2 or relevant business
experience in venture capital, senior management responsibility for the investment
management of its commitment .
 The term senior management personnel, means and over as assistant manager
position or equivalent position of management. / Center>

								
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