Q&A Regarding Venture Capital Enterprises (2)
Q: |
What is the paid up capital standard for venture capital enterprises? |
A: |
The paid up capital shall not be less than 30 million yuan, or the paid up capital of the first phase shall not be less than 10 million yuan, and all investors promise to make up the paid up capital of not less than 30 million yuan within 5 years after registration.
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Q: |
What conditions should investors of venture capital enterprises have? |
A: |
The number of investors shall not exceed 200. Where a venture capital enterprise is established in the form of a limited liability company, the number of investors shall not exceed 50. The investment of a single investor in a venture capital enterprise shall not be less than 1 million yuan. All investors shall make capital contributions in currency. |
Q: |
Can venture capital enterprises make outbound investment with full assets? |
A: |
Venture capital enterprises can make outbound investment with full assets. Investment in enterprises is limited to unlisted enterprises. However, after the invested unlisted enterprise is listed, the non-transferred part of the shares held by the venture capital enterprise and its placement part are not subject to this restriction. Other funds can only be deposited in banks, purchase treasury bonds or other fixed income securities. |
Q: |
Can venture capital enterprises determine the limited duration in advance? |
A: |
A venture capital enterprise may determine a limited duration in advance, but the minimum duration shall not be less than 7 years. |
Q: |
Through what ways can venture capital enterprises realize investment exit? |
A: |
Venture capital enterprises can realize investment exit through equity listing transfer, equity agreement transfer, repurchase of invested enterprises and other ways. |