India: Sebi questions fundraising on LinkedIn

India: Sebi questions fundraising on LinkedIn

The logo for LinkedIn Corporation, a social networking website for people in professional occupations, is pictured in Mountain View, California February 6, 2013. REUTERS/Robert Galbraith/Files

The Securities and Exchange Board of India (Sebi) has written to LinkedIn Corp. asking if its social networking service provides a platform for people or start-ups to raise money publicly in violation of the Companies Act, according to two people aware of the development. LinkedIn has said it is not involved in any activities related to securities markets.

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