SEBI to allow IPO in 7 days instead of 70 days

-


Mumbai: Capital market regulator Securities and Exchange Board of India (SEBI) is gearing up to put the process of approval of initial public offering (IPO) documents on a fast track.

Sebi plans to reduce the 70 days it takes to approve IPO documents to just seven days, chairperson Madhabi Puri Buch said.

About this he said, "It is my desire and we will soon reach a stage where documents for raising capital in Indian markets can be approved in just seven days."

Addressing a gathering of investment bankers in Mumbai, the SEBI Chairperson further said that his team is working on putting together the building blocks to reduce the red-tape involved in filing documents and regulatory approvals and the results will be visible by March 2023.

Besides, he said, delayed applications do not speak well of us and there will be full transparency with the new structure. Everyone will know who (SEBI or investment bankers) is really delaying. Bankers present at the time said that they have already received notification from SEBI about the reduced time limit. As far as I am concerned, I would like to say that SEBI clears the document within seven days.

For this the ball is in your court 80 percent (merchant bankers) and 20 percent with SEBI. Which is a challenge for community-investment bankers as a whole. Which I feel a part of. Let's do it. There will be process re-engineering and new policies. When there is a delay in bankers' accounts, we will formally document it," said the SEBI Chairperson.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more