Venture capital company is a non-financial investment enterprise whose main business is direct equity investment.
A venture capital management company is an enterprise entrusted by a venture capital company to manage venture capital, recommend and evaluate investment projects. Article 4 Venture capital can also be carried out by setting up venture capital funds. The establishment and management of venture capital funds shall be handled in accordance with the relevant provisions of the state. Article 5 Intermediary service institutions such as financing guarantee institutions and science and technology evaluation institutions are encouraged to engage in business related to venture capital and provide services for venture capital. Article 6 These Provisions shall be implemented by the municipal administrative department of science and technology.
The municipal administrative department for industry and commerce is responsible for the company registration of venture capital institutions. Article 7 The establishment of a venture capital company shall meet the following conditions:
(a) the applicant has a good reputation;
(2) The company has three or more major professionals with recognized professional qualifications;
(3) It is established in the form of a limited liability company with a registered capital of more than 30 million yuan; It is established in the form of a joint stock limited company with a registered capital of more than 50 million yuan;
(4) Other conditions stipulated by laws and regulations. Article 8 The establishment of a venture capital management company shall meet the following conditions:
(a) the applicant has a good reputation and relevant work records;
(2) The company has three or more major professionals with recognized professional qualifications;
(3) The registered capital is 6,543,800 yuan+0,000 yuan;
(4) Other conditions stipulated by laws and regulations. Article 9 The registered capital of a venture capital company may be paid in installments, but it shall be paid in full within two years from the date of issuance of the business license, and the initial amount shall not be less than 50% of the registered capital, and shall be paid in full within 90 days from the date of issuance of the business license.
The registered capital of a venture capital management company shall be fully paid within 90 days from the date of issuance of the business license. Article 10 The words venture capital (or venture capital) can be used in the names of venture capital companies, and the words venture capital management (or venture capital management) can be used in the names of venture capital management companies. Article 11 A venture capital company may engage in the following businesses:
(a) direct equity investment in high-tech enterprises and small and medium-sized technology enterprises, and participation in the management and operation of enterprises;
(two) entrusted to manage the venture capital of other venture capital companies;
(3) Providing investment and financing consulting services;
(four) to provide loan guarantees for high-tech enterprises and small and medium-sized scientific and technological enterprises;
(5) Other businesses permitted by laws and regulations. Article 12 A venture capital management company may engage in the following businesses:
(a) entrusted with the management of venture capital projects;
(two) entrusted by the venture capital company to operate, select projects, invest and manage its venture capital;
(3) Providing services such as project recommendation and evaluation for venture capital companies;
(4) Providing investment and financing consulting services;
(5) Other businesses permitted by laws and regulations. Thirteenth venture capital companies and venture capital management companies in Guangzhou High-tech Industrial Development Zone, after being recognized by the municipal administrative department of science and technology, enjoy preferential policies for newly established high-tech enterprises. Article 14 If a venture capital company invests more than150,000 yuan in high-tech enterprises and high-tech small and medium-sized enterprises in this city, or provides a guarantee amount of more than 50 million yuan, and the investment amount or guarantee amount accounts for more than 70% of the company's total investment or guarantee amount respectively, it shall enjoy the preferential policies for high-tech enterprises in Guangzhou according to regulations after being confirmed by the municipal administrative department of science and technology.
The municipal administrative department of science and technology shall examine and verify the venture capital companies that enjoy the preferential policies stipulated in the preceding paragraph. Those who do not meet the requirements will no longer enjoy preferential policies. Article 15 A venture capital company may fully contribute its capital. Article 16 A venture capital company may withdraw and realize its venture capital through enterprise merger and acquisition, share repurchase, technology property right transaction and listing. Seventeenth venture capital institutions are prohibited from engaging in financial business. Article 18 Guangzhou Venture Capital Promotion Association shall be responsible for the qualification identification of venture capital professionals, and assist the municipal science and technology administrative departments to manage venture capital. Article 19 These Provisions shall come into force as of September 1 2006.