Topics In Demand
Notification
New

No notification found.

Blog
Call for inputs: SEBI Consultation Paper on review of framework of Innovators Growth Platform

December 18, 2020

123

0

In 2015, a new segment named as Institutional Trading Platform (ITP) was introduced by Securities and Exchange Board of India (SEBI), with a view to facilitate listing of new age start-ups. In 2019, SEBI attempted to revive the platform by introducing certain amendments to the ITP framework and renamed it as the Innovators Growth Platform (IGP).

IGP is aimed at issuers which are intensive in use of technology, information technology, intellectual property, data analytics, bio-technology or nanotechnology. Despite certain amendments, IGP could not get any traction and no listing by issuers have so far taken place on IGP platform. In order to make IGP attractive, SEBI has released a consultation paper to seek inputs on proposed amendments in the IGP framework.

The suggestions include reduction in holding period of pre-issue capital, doing away with lock-in period of pre-issue capital for Alternative Investment Funds (AIF) – category II, voluntary delisting, migration to Main Board etc.

In this regard, we would request you to send your inputs/views on the proposed amendments before 5 January 2021 to garima@nasscom.in and tejasvi@nasscom.in. Please include a reference to the relevant paragraph of the consultation paper along with the rationale for sending your suggestions.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


images
Garima Prakash
Manager, Public Policy and Government Affairs

Reach out to me for all things policy about e-commerce, international trade, export controls, start-ups and fintech

© Copyright nasscom. All Rights Reserved.