license in the category of venture capital management under this Ministerial Regulation shall- (1) be a limited company or a public limited company newly established to operate securities business in the
Ministerial Regulation shall- (1) be a limited company or a public limited company newly established to operate securities business in the category of venture capital management; (2) have objectives limited to
application for approval of establishment of limited company or public limited company to undertake such business with the Minister for his approval under the SEC’s recommendation. Such application shall be
: Clause 1 Application and approval on establishment of limited company or public limitedcompany to undertake securities finance business and application and issuance of license to the companyso established
application shall be in form specified in the SEC’s Notification. In case where the approved person fails to establish new limited company or public limited company or fails to file the application for license
specific law as specified by the SEC and published in the Government Gazette; or (6) newly established limited company or public limited company to undertake securities business in the category of private
SEC is of the view that limited company or public limited company to be established has qualifications as specified in this Ministerial Regulation, the SEC shall recommend the Minister to approve
shall file an application for approval of establishment of limited company or public limited company to undertake such business with the SEC Office, provided that such application shall be in form and
public limited company or fails to submit the application for license within the period of time specified under the first paragraph, such approval shall be terminated. Clause 8 In connection with applying
. Clause 2 The following financial institutions shall be eligible to file an application for approval on establishment of limited company or public limited company to undertake securities business in the