India: SEBI to bring crowd funding under regulatory framework

Crowdfunding buzzword bingo. Credit: Flickr/Ron Mader

Capital markets regulator Securities and Exchange Board of India (Sebi) is likely to come out with norms to help start-ups raise capital and bring crowdfunding under a regulatory framework in the next few months.

Sebi, which had formed a committee called Alternate Investment Policy Advisory Committee under N.R. Narayana Murthy for recommending norms to encourage entrepreneurial activities in India, will submit its report in a month, said Sebi chairman U.K. Sinha at the sidelines of a corporate governance summit organized by Confederation of Indian Industries on Tuesday.

The report is likely to include ways to allow crowdfunding in India under Sebi’s norms. Sebi had put out a discussion paper on crowdfunding in June 2014 but the norms have not been formalized yet due to lack of ambiguities in certain clauses of the new Companies Act.

Sinha said though Sebi recently allowed listing of start-ups, many new-age companies are still more comfortable listing themselves abroad due to more attractive tax regimes in some countries.

Also Read:

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Indonesia’s Financial Services Authority to regulate crowdfunding

China says to promote equity crowdfunding to support startups

Indian market regulator to set strict norms for investors in stock exchanges

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.