{"id":1357,"date":"2016-04-15T14:18:11","date_gmt":"2016-04-15T14:18:11","guid":{"rendered":"https:\/\/sunkrish.com\/?p=1357"},"modified":"2017-01-28T07:17:43","modified_gmt":"2017-01-28T07:17:43","slug":"sebi-may-soon-revisit-start-up-listing-norms","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/04\/15\/sebi-may-soon-revisit-start-up-listing-norms\/","title":{"rendered":"Sebi may soon revisit start-up listing norms"},"content":{"rendered":"

<\/a>The Securities and Exchange Board of India (Sebi) may soon review its framework for listing of start-ups, including e-commerce firms, while incorporating suggestions from various stakeholders to make this platform much more vibrant.<\/span><\/p>\n

The Institutional Trading Platform (ITP) is yet to see any start-up listing ever since an easier set of compliance and disclosure requirements was notified in August 2015.<\/p>\n

These norms have been put in place to encourage Indian start-ups and entrepreneurs to remain within the country rather than go abroad for funds.<\/p>\n

Under the rules, start-ups can list on the separate ITP of stock exchanges such as BSE <\/a>and NSE.<\/p>\n

The platform is open to only institutional investors and high networth individuals (HNIs), while retail investors have been excluded in order to safeguard small investors against a higher level of risks associated with this platform.<\/p>\n

Many start-ups believe that the current listing norms are unattractive for them to list in India. Moreover, not a single company got listed on the relaxed ITP platform.<\/p>\n

Now, Sebi <\/a>is likely to review the ITP norms soon. It will also incorporate suggestions from various stakeholders to make this platform much more vibrant, sources said.<\/p>\n

Sebi’s Primary Market Advisory Committee (PMAC) has also suggested that norms should be reviewed as the matter progresses.<\/p>\n

Under the notified rule, minimum trading lot and the minimum application size have been kept at Rs 10 lakh so that only sophisticated and large investors come in.<\/p>\n

For their listing, Sebi also relaxed the mandatory lock-in period for promoters and other pre-listing investors to six months, as against three years for other companies.<\/p>\n

Besides, the disclosure requirements for these companies have been relaxed.<\/p>\n

The companies can, however, graduate to the main platform later and the small investors can also invest at that time.<\/p>\n

Earlier this month, Infibeam Incorporation made a stock market debut becoming the first e-commerce player in the country to get listed. The firm got listed on the main-board instead of institutional trading platform.<\/p>\n

Source: http:\/\/www.business-standard.com\/article\/markets\/sebi-may-soon-revisit-start-up-listing-norms-116041500531_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Board of India (Sebi) may soon review its framework for listing of start-ups, including e-commerce firms, while incorporating suggestions from various stakeholders to make this platform much more vibrant. The Institutional Trading Platform (ITP) is yet … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[330,332,297,311,305,294,466,324,301,293],"class_list":["post-1357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-bse","tag-capital","tag-company-law","tag-corporate","tag-economy","tag-investment","tag-nse","tag-securities-and-exchange-board-of-india-sebi","tag-start-ups","tag-valuation"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=1357"}],"version-history":[{"count":7,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1357\/revisions"}],"predecessor-version":[{"id":3605,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/1357\/revisions\/3605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3027"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=1357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=1357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=1357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}