Securities and Exchange Board of India (SEBI) has notified a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors, with an aim to boost listing of start-ups.<\/p>\n\n\n\n
The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued.<\/p>\n\n\n\n
This comes after the board of SEBI approved a proposal in March in this regard. Other relaxations include easing delisting requirements and relaxation in guidelines for migrating to the main board.<\/p>\n\n\n\n
This is aimed at making the platform more accessible to companies in view of the evolving start-up ecosystem.<\/p>\n\n\n\n
The regulator has reduced the period of holding of 25 per cent of pre-issue capital of the issuer company by eligible investors to one year from the current requirement of two years.<\/p>\n\n\n\n
The term ‘Accredited Investor’ for the purpose of IGP is renamed as ‘Innovators Growth Platform Investors’. Such investor’s pre-issue shareholding would be considered for entire 25 per cent of the pre-issue capital of the issuer company against the present limit of only 10 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Securities and Exchange Board of India (SEBI) has notified a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors, with an aim to boost listing of start-ups. Daily Current Affairs Quiz 2021 The changes have been made to the framework for listing on the Innovators […]<\/p>\n","protected":false},"author":404,"featured_media":42509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1407],"tags":[1409],"offerexpiration":[],"class_list":["post-42508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-may-2021","tag-sebi-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/42508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=42508"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/42508\/revisions"}],"predecessor-version":[{"id":42510,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/42508\/revisions\/42510"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/42509"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=42508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=42508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=42508"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=42508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}