26 Jun 2015

At its Board meeting held on June 23, 2015, SEBI approved the necessary changes in the Institutional Trading Platform (ITP) to simplify fund-raising by start-ups/new age companies. This is the logical outcome of the exercise initiated by SEBI on March 30, 2015 when it issued a discussion paper regarding a proposed alternative capital raising platform catering to start-ups/ “new-age” companies and invited comments from the public.>>

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10 Apr 2015

Congratulations if your start-up’s fund raising plan has met all the six qualifiers necessary under SEBI’s proposed alternative capital raising platform for start-ups/ “new-age” companies (see previous blog that contains Part 1). Now is probably a good time to take stock of the other regulatory requirements that SEBI is looking to impose under the alternative platform. Relax- the new requirements are less stringent! This blog compares the proposed requirements for raising capital under the alternative capital raising platform with those that apply under the normal route, i.e. in accordance with SEBI (ICDR) Regulations, 2009.>>

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02 Apr 2015

 On March 30, 2015, SEBI issued a discussion paper on a proposed alternative capital raising platform (http://www.sebi.gov.in/cms/sebi_data/attachdocs/1427713523817.pdf) specially catering to start-ups/“new-age” companies. This is definitely a positive step by SEBI as it potentially offers a regulatory regime where start-ups can realize better valuations like in jurisdictions such as USA or Singapore,which have a head start in terms of a more conducive regulatory framework for start-ups to raise risk capital.>>

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