, Jharkhand Venture Capital Ltd., Jharkhand Venture Capital Trustee Ltd. Jharkhand Startup and MSME Fund
SWS/Venture Capital/22-2016 (II – 100 2016-17
Startup Policy- 2016 Vision Mission Startup Venture Capital Fund Venture Capital Fund
1000 Startups, 1500 Startups growth scaling eco-system Venture Capital Fund
Market
a) Venture Capital Fund
b) c)2 ( d) Venture Capital Fund Equity Funding Life Cycle
Venture e) Startups Incubation Centers
Venture Capital Fund RFP
Gujarat Venture Fund Ltd. (GVFL) , Venture Capital Fund, Asset management / Trustee company, , , 2. Structure of the Fund & its various Components
Jharkhand Startup and MSME fund shall be formed under Indian Trust Act, 1882. There will be a trustee to the fund i.e. Jharkhand Venture Capital Trustee Ltd. This trustee shall use the service of Jharkhand Venture Capital Ltd. for due diligence, Monitoring, Value addition, Exit from investment etc as a fund manager. Jharkhand Venture Capital Trustee Ltd. and Jharkhand Venture Capital Ltd. shall be incorporated under Companies Act, 2013.
3. 1220188 Jharkhand Venture Capital Ltd., Jharkhand Venture Capital Trustee Ltd. Jharkhand Startup and MSME Fund
4. Jharkhand Startup and MSME Fund FUND Indian Trust Act- 1882 Fund SEBI Alternative Investment Fund (AIF) 2012 Fund 100 49
Government of Jharkhand 3
51 Investment Company/Development Company( 3 SIDBI (Small Industrial Development Bank of India)/NABARD Corporate House raise 5. Jharkhand Venture Capital Trustee Ltd. Jharkhand Venture Capital Trustee Ltd. 5.1 Jharkhand Venture Capital Trustee Ltd.
, ,
5.2 , 2013
5.3 ,
i) To undertake and carry on trusteeship functions in general for funds of all kind including investment funds, alternative investment funds, private equity funds, venture capital funds, debt funds, infrastructure funds and for that purpose to set up, constitute, promote, settle and execute trust and/or funds and/or companies or other entities and to subscribe and act as and to exercise the powers of trustees, executors, administrators, receivers, managers, treasurers, attorneys, nominees and agents and to manage the funds of all kinds and to render periodic advice of investment, finance, taxation and to invest these funds from time to time in various forms of investments including stocks, shares, debentures, debenture stocks, bonds, securitised debt, depository receipts, options, obligations, derivatives or other securities or in and all kind of financial instruments.
ii) To hold in trust as trustee or nominee of any venture capital funds/alternative investment funds, fund, persons, company, corporation, Government, State or any municipal or other authority or public body and deal with, manage and in particular stocks, shares, debentures, securities, policies, book debts, claims and all and every kind of financial instruments forming part of the trust property.
iii) To undertake and execute any trust or discretion and to carry on business of formulating, marketing, raising funds, plans and schemes, the undertaking whereof may seem desirable, and the distribution amongst the beneficiaries, pensioners or other persons entitled thereto, or specie, in furtherance of any trust, direction, discretion or other obligation or permission.
iv) Share Capital and Variation of Rights
The Authorised Share Capital of the Company shall be such amounts and be divided into such shares as may, from time to time, be provided in Clause V of the Memorandum of Association with power to increase or reduce the capital in accordance with the Act, Regulations and legislative provisions for the time being in force in that behalf with the powers to divide the share capital, whether original increased or decreased into several classes and attach thereto respectively such ordinary, preferential or special rights and conditions in such a manner as may for the time being be provided by the Regulations of the Company and allowed by law.
4 ( 10.00 5.4 Jharkhand Venture Capital Trustee Ltd., 1.00 ( (Rs. 10 each) 5.5 (Shareholders) -
Jharkhand Venture Capital Trustee Ltd.
| S.No. | Agency | Shares held |
| 1 | Department of Industries | 9 Lakhs |
| 2 | JIADA | 1 Lakhs |
100%,
49% 51% , 49% 5.6 (Board of Directors) -
Jharkhand Venture Capital Trustee Ltd.
| S.No. | Directors | Position |
| 1 | Development Commissioner | Chairman |
| 2 | Addl. Chief Secretary/Principal Secretary/Secretary, Department of Planning-cum-Finance | Director |
| 3 | Secretary, DoIT & e-Gov. | Director |
| 4 | Secretary, Department of Industries | Director |
| 5 | Managing Director, JIADA | Director |
| 6 | Finance Expert , GVFL | Independent Director |
57 Jharkhand Venture Capital Trustee Ltd. JIADA , 10
Startup Capital Venture Fund
JIADA
6. Jharkhand Venture Capital Ltd. Jharkhand Venture Capital Ltd.
( 5 6.1 Jharkhand Venture Capital Ltd., ,
6.2 , 2013
6.3 ,
i) To undertake and carry on the business of advising, managing, consulting various funds including investment funds, alternative investment funds, private equity funds, venture capital funds, debt funds, infrastructure funds or any other investment pools other than mutual funds, for Government, private investors, trusts, institutional investors, banks, companies, individuals or any other body Corporates (whether incorporated in India or abroad) for investments in all kinds of financial instruments including any stocks, shares, debentures, debenture stocks, bonds, securitised debt, depository receipts, options, obligations, derivatives or other securities or investments of any kind or description; and to set up enterprise to promote and support such activities for development and growth of business, entrepreneurship and industry.
ii) To assist in the creation and build-up of successful self-sustaining business enterprises through provision of equity or other forms of capital and sharing risks and management skills; and for this purpose to set up venture capital funds/alternative investment funds which will arrange, manage and provide venture capital, loans, advances, guarantees and other means of financial support with or without security to existing or proposed enterprises whether a corporate or non-corporate entities and to promote directly or indirectly entrepreneurship nationally and/or internationally either individually or in collaboration with other local or offshore entities and to provide counsel and guidance in evaluation investment projects and identification of opportunities, markets, products, technologies, collaborations, promoters and managers.
iii) To carry on the business of promotion, establishment, management, organizing, supervising, procuring of and giving financial or other assistance in India or abroad independently or in association with any other person including Government or any other agencies whether incorporated or not and to act as administrators or managers of any investment funds, alternative investment funds, private equity funds, venture capital funds, debt funds, infrastructure funds or all kind of funds, trusts and/or limited liability partnerships and other entities.
iv) Share Capital and Variation of Rights
The Authorised Share Capital of the Company shall be such amounts and be divided into such shares as may, from time to time, be provided in Clause V of the Memorandum of Association with power to increase or reduce the capital in accordance with the Act, Regulations and legislative provisions for the time being in force in that behalf with the powers to divide the share capital, whether original increased or decreased into several classes and attach thereto respectively such ordinary, preferential or special rights and conditions in such a manner as may for the time being be provided by the Regulations of the Company and allowed by law.
6 ( 0 1.00 6.4 Jharkhand Venture Capital Ltd., 10 ( (Rs. 10 each) 6.5 (Shareholders) -Jharkhand Venture Capital Trustee Ltd.
| S.No. | Agency | Shares held |
| 1 | Department of Industries | 90 Lakhs |
| 2 | GVFL | 10 Lakhs |
6.6 (Board of Directors) - Jharkhand Venture Capital Ltd
| S.No. | Directors | Position |
| 1 | Secretary, Department of Industries | Chairman |
| 2 | Director, Industries | Managing Director |
| 3 | Director, DoIT & e-Gov. | Director |
| 4 | Managing Director, JIADA | Director |
| 5 | Finance Expert , GVFL | Independent Director |
6.7 Jharkhand Venture Capital Ltd.
JIADA , 90.00
Startup Capital Venture Fund
JIADA
7.
(Minimum Fiscal Investment)
| Sl. No. | Particulars | Amount (Rs. in cr.) |
| 1 | Contribution to Jharkhand Startup & MSME Fund (over 2-3 years) | 49.00 |
| 2 | Capital Contribution for Jharkhand Venture Capital Ltd. (AMC) – Required upfront | 0.90 |
| 3 | Capital Contribution for Jharkhand Venture Capital Trustee Ltd. (Trustee Company)- Required Upfront | 0.10 |
| Total | 50.00 |
GVFL
| 2018-19 | 20 |
| 2019-20 | 20 |
| 2020-21 | 10 |
| 50 |
8. Jharkhand Venture Capital Trustee Ltd. Jharkhand Venture Capital Ltd.
Startup Capital Venture Fund Jharkhand Treasury Code – 261 9. Jharkhand Venture Capital Trustee Ltd. Jharkhand Venture Capital Ltd.
, 10. The Companies Act, 2013 (Company Limited by Shares) Articles of Association of Jharkhand Venture Capital Ltd. & Jharkhand Venture Capital Trustee Ltd. The Companies Act, 2013 (Company Limited by Shares) Memorandum of Association of Jharkhand Venture Capital Ltd & Jharkhand Venture Capital Trustee Ltd., Indenture of Trust Investment Management Agreement IVI
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