ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this
  • Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 price in India revealed - Pre-booking, offers and specifications
  • Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated
  • Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India
  • From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor
Read in App
Business News » Small Business News

Want to invest in startups, but rules a pain? Here is why you should welcome this

Under this framework, the investor having a demat account will make an application to the stock exchanges or depositories to be recognised as an 'accredited investor (AI)'.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Want to invest in startups, but rules a pain? Here is why you should welcome this
In case, the financial status changes during the eligibility period, the AI will have to inform stock exchanges and depositories about the same. Image source: Reuters

To provide a boost for startups seeking to get listed, capital markets regulator Sebi's board on Friday approved easing of norms for accreditation of investors willing to invest in such new-age entities.

At a meeting here, the Sebi board approved a framework for the process of accreditation of investors for Innovators Growth Platform, which will be the name of the stock exchange platform where new-age startups would be listed.

Under this framework, the investor having a demat account will make an application to the stock exchanges or depositories to be recognised as an 'accredited investor (AI)'.

The exchanges and depositories will grant accreditation to these investors for a period of three years, after ascertaining their eligibility.

Earlier in December 2018, the Sebi's board had approved a number of other measures to make it easier for startups to get listed on the Innovators Growth Platform (IGP).

The relaxation in the norms came after tepid market interest to the existing platform and demands from various stakeholders to make the norms easier and the platform more accessible in the wake of expanding activities in the Indian startup space.

While detailed eligibility and other norms for AIs would be notified by Sebi later, sources said it is being proposed that an individual with total annual gross income of Rs 50 lakh and a minimum liquid net worth of Rs 5 crore will be considered.

In the case of body corporate, the net worth requirement would be Rs 25 crore.

In case, the financial status changes during the eligibility period, the AI will have to inform stock exchanges and depositories about the same.

Watch this Zee Business video 

At the time of application for listing by a company on the IGP, the merchant bankers will have to carry out due diligence regarding the eligibility of AIs.   

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Startupsangel investors
Written By: PTI
Updated: Fri, Mar 01, 2019
10:45 pm
New Delhi, PTI
RELATED NEWS
How ad-tech startups are revolutionalising advertising landscape How ad-tech startups are revolutionalising advertising landscape
Startups write new chapter in India's growth story: Around 7.50 lakh jobs created in last 6 years Startups write new chapter in India's growth story: Around 7.50 lakh jobs created in last 6 years
Various IT rules and regulations MSMEs, Startups should know Various IT rules and regulations MSMEs, Startups should know
Investment platform We Founder Circle aims to facilitate Rs 100 crore funding in startups this year Investment platform We Founder Circle aims to facilitate Rs 100 crore funding in startups this year
Log9 Materials-Northway Motorsport to introduce fast-charging in e-4W retrofitted commercial vehicles Log9 Materials-Northway Motorsport to introduce fast-charging in e-4W retrofitted commercial vehicles

LATEST NEWS

Tips: Want to permanently delete your data from Apple iPhone - Check complete guide here

Bihar Cabinet Expansion: Ministers List 2022 New - Names, ministries, portfolios - All details of RJD, JDU, HAM, Congress members

Har Ghar Tiranga certificate online download link: Check official website and step-by-step guide

IRCTC share record date 2022 for payment of 75% dividend fixed - All details

Next Bank Holiday August 2022: Janmashtami on Thursday; check the full list of holidays in August

Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this

Hospitals overcharging for treatment to be a thing of past; IRDAI’s health insurance portal to curb this menace

ONGC share price drops 2.5% despite highest Q1 net profit – What brokerages recommend

6 ITBP personnel among 7 dead after bus carrying security officials falls into gorge in J&K's Pahalgam

EPFO Forms list: settlement/withdrawal, pension, transfer or nomination – 5 types of forms for different needs

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV