SEBI to finalise crowdfunding norms soon

By Press Trust of India|31st Dec 2015
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Share on
close

Capital markets regulator Sebi will put in place norms to help entrepreneurs raise funds through crowd-funding in a few months, Sebi chairman UK Sinha said. "We have still not been able to finalise it because there were a lot of divergent views," Sinha told reporters.

Image: Shutterstock
Image: Shutterstock

"We hope to finalise it in a couple of months." Sinha was speaking on the sidelines of the inauguration of private lender Bandhan bank's 600th branch in Mumbai. Sebi had constituted a committee headed by Infosys co-founder N R Narayana Murthy to suggest ways for raising funds through crowd-funding.

Earlier this month, Sinha had said the committee was likely to submit its report in a month. The regulator had earlier come out with a discussion paper on crowdfunding norms.

Simply put, crowdfunding typically involves young entrepreneurs and small groups of people raising funds for their ventures through various online platforms involving individuals and organisations.

Get access to select LIVE keynotes and exhibits at TechSparks 2020. In the 11th edition of TechSparks, we bring you best from the startup world to help you scale & succeed. Register now! #TechSparksFromHome