VENTURE CAPITAL (INCENTIVES) ACT

Section 6: Interpretation.

1993Section 6 of 7Federal Republic of Nigeria

In this Act, unless the context otherwise requires-
''body corporate" includes, a venture capital company;
"Federal Inland Revenue Service" means the Federal Inland Revenue Service;
"participant" means a body corporate or individual who is an equity investor in a Risk Fund or venture investment;
"venture capital company" means a body corporate incorporated for the purposes of one or more of the objectives set out in section 2 of this Act;
"venture project company" means a body corporate established for the realisation of one or more of the objectives set out in section 2 of this Act;
"venture project" means a project in the commercialisation of an innovative idea and process and includes capital expenditure in the development of a local resource base.

Cite this section

Section 6, VENTURE CAPITAL (INCENTIVES) ACT (1993).

https://repo.podus.ai/laws/venture-capital-incentives-act/section/6/