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May 24, 2016
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Sebi may change start-up fund-raising norms
The Primary Markets Advisory Committee (PMAC) of the Securities and Exchange Board of India (Sebi) is scheduled to meet on May 30 to discuss changes to the regulations relating to fund raising by start-ups.
Sources said changes that PMAC may approve, include decreasing the minimum lot size to Rs2.5 lakh from Rs10 lakh and reducing the minimum ticket size for participation in start-up initial public offerings (IPOs) to
Rs5 lakh from Rs10 lakh, currently. Moreover, it may suggest a reduction in the timeline for migrating from the start-up platform to the mainboard from three years to two years.
Source -
http://www.financialexpress.com
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