Last month we unpacked what it means to be a registered Section 12 J Venture Capital Company or VCC in terms of South African Commercial law. We also unpacked the benefits for both Investors and Investees.
In summary qualifying Investors will invest in VCC’s in exchange for Venture Capital Shares and Investor Certificates. Investors can claim tax deductions in respect of their investments in the VCC.
The VCC will, in turn, invest in qualifying Investee Companies in exchange for equity or shares.
In this article we will unpack the responsibilities of a VCC.
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