Key recommendations related to policy and regulations to rev up the Indian startup ecosystem
A look at some of the key recommendations from startup ecosystem stakeholders related to policy and regulations to rev up the Indian startup ecosystem
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Key recommendations by startup ecosystem stakeholders on policy and regulations needed in Budget 2021 to rev up the Indian startup ecosystem:
Focus on attracting customers and capital, which are important for any startup to grow
Need clarification on capital from China and Hong Kong
Speed up the overseas listing process; align it with global best practices
SEBI should move quickly on the Innovators Growth Platform framework
Budget 2021: IndiaTech’s Rameesh Kailasam on startup listing norms, tackling tax issues and more
SEBI must make greater efforts to help startups list in India and overseas while taxation and FDI norms are the other issues that need to be resolved.
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India’s government will have to remove bottlenecks in doing business and the capital market regulator must ease listing regulations for startups to encourage entrepreneurship and attract investment in new-age digital companies,
IndiaTech.org CEO Rameesh Kailasam says.
Kailasam, who leads the industry association of consumer internet companies and investors, has been for many years a vocal advocate of tweaking government regulations to accelerate the startup ecosystem in India.
To boost listing of start-ups, markets regulator Sebi on Thursday said it has suggested relaxations in norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to all eligible investors. The changes have been proposed to the framework for listing on Innovators Growth Platform (IGP), Sebi said in a statement. Other proposals include providing differential voting rights (DVR) to promoters, retaining superior voting rights (SR) for existing institutional investors holding over 10 per cent of capital, and easing delisting requirements as well as takeover norms. The regulator has issued a consultation paper in this regard and sought suggestions from public till January 11.
Relaxation measures suggested by SEBI for startups to attract additional capital
December 16, 2020
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A slew of relaxation measures for startups as suggested by SEBI is expected to attract additional capital and open up exit options for investors.
On December 14, SEBI proposed a framework for listing on the Innovators Growth Platform (IGP). The genesis of IGP can be traced back to 2015, when SEBI introduced the Institutional Trading Platform (ITP) with a view to build a real-time, liquid public market platform for new economy companies both for raising funds as well as exploring exits.
As the ITP framework failed to take off, it got renamed to IGP. In an effort to kickstart this platform, and to ensure that investors and startups both gain, SEBI has proposed a set of actions .
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