Section 3 C 7

Section 3 c 7 exemption from definition of investment company.

Section 3 c 7. Any natural person who owns not less than 5 000 000 in investments. Epa may conditionally approve an application for registration or amended registration of a pesticide product under fifra section 3 c 7 a if the agency determines that. 3c7 refers to a portion of the investment company act of 1940 that allows private funds meeting specific criteria an exemption from some securities and exchange commission sec regulation.

That means all of your investors must be qualified purchasers. None of the following persons is an investment company within the meaning of this title. 2 any issuerwhich the commission upon application by suchissuer finds and by order declares to be primarily engaged in a business or businesses other than that of investing reinvesting owning holding or trading in securities either directly or a through majority owned subsidiaries.

Section 1 short title section 2 necessity for regulation section 3 definitions and application section 3a swap agreements section 3b securities related deriviatives section 3c clearing for security based swaps section 3d security based swap execution facilities section 3e segregation of assets held as collateral in security based swap transations section 4 securities. Any issuer the outstanding securities of which are owned exclusively by persons who at the time of acquisition of such securities are qualified purchasers and which is not making and does not at that time propose to make a public offering of such securities. A any issuer the outstanding securities of which are owned exclusively by persons who at the time of acquisition of such securities are qualified purchasers and which is not making and does not at that time propose to make a public.

Section 3 c 7 excepts from the definition of investment company any issuer whose outstanding securities are owned exclusively by persons who at the time of acquisition of such securities are qualified purchasers and that is not making and does not at that time propose to make a public offering of such securities. The pesticide and proposed use are identical or substantially similar to any currently registered pesticide and use. In a private fund exempt under 3 c 1 investors only generally need to be accredited investors and qualified clients if the fund manager is sec registered.

If you have more than 100 investors in the fund you will need to fall under the 3 c 7 exemption.