SEBI board meeting: The board meeting of the Securities and Exchange Board of India (SEBI) is scheduled for March 29, 2022. Strictness is expected to increase for new-age tech companies that can’t make a profit but still come to raise money through IPO , reports Zee Business Assistant Editor Brajesh Kumar.
All companies will provide DRHP with more information on non-financial performance indicators such as subscriptions, downloads, etc. so that investors can understand the company’s future potential. This point will also be discussed in the meeting, Kumar said.
In addition, companies will also be required to disclose whether more than 5% of the IPO has previously been sold in the primary and secondary markets, how it is assessed against performance indicators, so that investors can understand how the valuation is done and what are the lines behind it. the company’s claims about growth potential.
The second point is that the rules that apply to investment funds will soon also apply to collective investment schemes. A net worth of 50 crore, 5 years of consistent earnings and 5 years of experience are required for companies to launch collective investment schemes. In order to start this scheme, a minimum of 20 investors and an enrollment of 20 crores are also required.
In addition, the officers of the collective investment schemes will have to invest 20% of their salary in that scheme.
The third important point is how to restore the secondary selling of the corporate bond market as it lacks liquidity. This may include the mechanism of market making.
For more details, watch the full video here:
बोर्ड मीटिंग की 29 मार्च को होने वाली है बैठक।
न्यू एज टेक कंपनियों के IPO, CIS के नियमों और कॉरपोरेट बॉन्ड मार्केट से जुड़े मामलों पर चर्चा मुमकिन।
— Zee Business (@ZeeBusiness) March 21, 2022
This post SEBI board meeting on March 29: IPO and CIS rules of new-age tech companies can be discussed
was original published at “https://www.zeebiz.com/india/news-sebi-board-meeting-on-march-29-new-age-tech-firms-ipo-cis-rules-may-be-discussed-181266”