image

SEBI constitutes Group to review Institutional Trading Platform (ITP) framework to facilitate the listing of start ups

SECURITIES EXCHANGE BOARD OF INDIA

CIRCULAR

Jun 12, 2018

PR No.: 17/2018

SEBI has constituted a group to look into the existing Institutional Trading Platform (ITP) framework and suggest measures to facilitate listing of startups.

SEBI had put in place the ITP framework in 2015 with a view to facilitating listing of new age companies in sectors like e-commerce, data analytics, bio-technology and other startups. However, this framework failed to gain any traction.

SEBI has discussed the issue with various stakeholders and formed a group primarily with the following objectives:

  1. To reviewthe need for present ITP framework in the current context.
  2. To revisit the current ITP framework and identify the areas, if any, which require further changes.
  3. Any other issue relevant to ITP which the group may like to assess.

The members of the group include representatives from the Indian Software Product Industry Round Table (iSPIRT), The Indus Entrepreneurs (TIE), the Indian Private Equity and Venture Capital Association (IVCA), law firms, merchant bankers, and stock exchanges.

The group shall endeavour to submit the report to SEBI within a period of one month.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates