Board resolution and promoter declaration, application to the Venture Capital Fund for Backward Classes
Two different families sit under this heading, and they suit different clients: the IFCI Venture funds for SC, BC and ST-owned companies , and the national finance corporations that lend small amounts to individuals through State channelising agencies. The headline for 2026 is that online applications to the Venture Capital Fund for Scheduled Castes were closed with effect from 01.08.2026, any client file built on it needs a new plan.
- 2 pages
- 37
- Word and PDF
- 16 September 2026
What it covers
- 1Board resolution and promoter declaration, application to the Venture Capital Fund for Backward ClassesVCF-BC eligibility: 51% BC shareholding with management control
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Certified true copy of the resolution passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the Board meeting] at [Place of the Board meeting]
APPLICATION FOR ASSISTANCE UNDER THE VENTURE CAPITAL FUND FOR BACKWARD CLASSES
“RESOLVED THAT the Company do apply to IFCI Venture Capital Funds Limited, as manager of the Venture Capital Fund for Backward Classes, for financial assistance of Rs [Financial assistance sought (Rs)] by way of [non-convertible debentures / optionally convertible debentures / compulsorily convertible debentures / preference shares / equity shares] for the project of [description] at a total cost of Rs [Total project cost (Rs)], and that the application, project report and documents placed before the Board be and are hereby approved.”
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