In April 2019, SEBI amended Chapter X of the SEBI ICDR Regulations relating to Innovators Growth Platform (IGP) to broad base the eligibility criteria for investment in start-up companies who seek to list their securities pursuant to a public offer or trade their securities without making a public offer (Refer KM update of 8 April 2019 below). In a consultation Paper, SEBI has now proposed a review of this framework to encourage listing by start-ups, as, despite the amendments there has so far been no listing by issuers on this platform. The following recommendations have been proposed :
To refer to the SEBI consultation paper dated 14 December 2020, click here. Public comments are invited on its recommendations latest by 11 January 2021.
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