2 min read
Journalism of Courage
Premium
This is an archive article published on July 6, 2012
Sebi to issue e-IPO guidelines soon
To revitalise primary issue segment,Sebi will unveil guidelines to sell shares electronically.
In a bid to revitalise the primary issue segment,capital market regulator Sebi will soon announce guidelines to sell shares through electronic Initial Public Offers e-IPOs.
8220;We are trying to reform whole process8230;we will soon announce guidelines for e-IPOs. This will help in increasing the reach of distribution of IPOs,8221; Sebi Whole-Time member Rajeev Kumar Agarwal said at an Assocham event here.
An e-IPO is a mechanism through which investment in public offerings can be done online without signing any physical documents.
e-IPOs will help in fast-track the public offer process and lower costs,besides allowing investors to apply for shares and buy them at a click on computers without the need for signature on bulky physical documents.
Though the e-IPO concept has been in the pipeline for some time,a formal decision could not be taken because of various regulatory issues.
In fact,the Sebi board was informed on November 24 that implementing an e-IPO requires amendments to the Companies Act,dispensing with the requirements of an investor to agree in writing to the offer,as there would be no physical form submission in a demat application.
Mutual Funds Check for top funds
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
- 01
- 02
- 03
- 04
- 05
Advertisement