Now Companies can list without IPO on Institutional Trading Platform of SME listing platforms of the Exchanges

Indian capital market regulator Sebi has issued detailed guidelines, including on eligibility criteria, for listing of start-ups and small and medium enterprises (SMEs) on stock exchanges without an initial public offer (IPO). The guidelines follow notification of new norms by Sebi earlier this month for permitting listing of start-ups and SMEs on Institutional Trading Platform (ITP) of SME Exchanges. Through this new route, the SMEs and start-up...

SEBI to come out with stringent guideline on CORPORATE DISCLOSURE by listed companies

SEBI Chairman UK Sinha, addressing a capital market summit organized by FICCI said that there are 1100 companies which are not compliance with the requirement of clause 35 of shareholding pattern, which means the direction with regard to shareholding pattern has not complied with. Also, there are 900 companies which are not compliant with the corporate governance norms as per clause 49. He signaled that the Securities and Exchange Board of...