MUMBAI: Regulator Sebi on Friday authorized a slew of measures to additional enhance the ease of doing business for market members, together with offering relaxations to Foreign Portfolio Investors (FPIs) and entities trying to elevate funds by preliminary share sale. The proposals had been cleared by the Sebi board throughout its assembly on Friday.
Among others, the watchdog has determined to cast off the requirement of one per cent safety deposit in public/rights situation of fairness shares and in addition present flexibility in extending the provide time limit due to drive majeure occasions, Sebi mentioned in a launch.
These measures are half of efforts to facilitate the ease of doing business for firms coming for IPOs and fundraising.
The board has additionally given its nod to calm down the timelines for disclosure of materials modifications by FPIs.
“Taking into account stakeholder feedback, the board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers.
“In parallel, Sebi shall proceed to do additional stakeholder session, together with with the customers of the Beta model,” the discharge mentioned.
Further, the regulator will evaluate the progress on the finish of three months and 6 months from the date of this implementation, and resolve on additional course of motion.
Sebi additionally authorized varied relaxations for Foreign Portfolio Investors (FPIs) aimed toward bettering ease of doing business.
Among others, the watchdog has determined to cast off the requirement of one per cent safety deposit in public/rights situation of fairness shares and in addition present flexibility in extending the provide time limit due to drive majeure occasions, Sebi mentioned in a launch.
These measures are half of efforts to facilitate the ease of doing business for firms coming for IPOs and fundraising.
The board has additionally given its nod to calm down the timelines for disclosure of materials modifications by FPIs.
“Taking into account stakeholder feedback, the board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers.
“In parallel, Sebi shall proceed to do additional stakeholder session, together with with the customers of the Beta model,” the discharge mentioned.
Further, the regulator will evaluate the progress on the finish of three months and 6 months from the date of this implementation, and resolve on additional course of motion.
Sebi additionally authorized varied relaxations for Foreign Portfolio Investors (FPIs) aimed toward bettering ease of doing business.
