Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Monday, January 2, 2012

A committee set up by market regulator SEBI to examine IPO-related issues is looking into a proposal to allow companies to sell shares through electronic Initial Public Offers (e-IPOs).

The proposed move would enable companies to sell shares electronically. Under such a system, investors would bid for shares online and would not be required to sign any papers physically.

“The committee set up by SEBI to undertake various issues relating to IPOs is looking into it (the e-IPO proposal). We are awaiting formal clearance from the ministry of corporate affairs for the e-IPO process,” Sebi Chairman U K Sinha told PTI.

Asked about Sebi’s proposal for reducing the number of days in the IPO process, he said, “The current period of 12-plus days and how to reduce it is part of the committee’s mandate.”

Calling for more awareness among the public on financial markets, he said an international conference is proposed to be held in Goa in February as part of investor education initiatives. A Sebi official said the conference will be co-hosted by Sebi and the Organisation for Economic Cooperation and Development (OECD).

The conference will explore domestic issues related to investor education as well as international issues and global trends, with special focus on Asia and its investor education needs, he said.

Source: http://www.business-standard.com/india/news/sebi-panel-examining-e-ipo-offer/460480/

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers