ADVOKS GLOBAL · KENYA
The Capital Markets (Registered Venture Capital Companies) Regulations
21. Annual Returns
Edition: 2022-12-31 · In force
21. Annual Returns
(1)The directors of the registered venture capital company shall within three months of the end of the registered venture capital company's financial year, file with the Authority annual returns with the following information—(a)name and address of each shareholder (including details of any beneficial interests) of the registered venture capital company and details of their investment;(b)changes in shareholding in the financial year;(c)names and address of' each director of the registered venture capital company;(d)changes in the board of directors of the registered venture capital company within the year; and(e)annual audited accounts of the registered venture capital company for that financial year.(2)The returns shall be accompanied by a report of the fund manager in respect of each fund under the registered venture capital company detailing—(a)proposed changes in information specified under Regulation 4 or the investment policy; and(b)particulars of investments in eligible venture capital enterprises by that fund as at the end of that year and any changes in the course of the year, including—(i)the level of investment in each eligible venture capital enterprise and the return thereon; and(ii)disposals of investments during that year including any profits derived or losses incurred from that disposal.