News From Press Sebi plans to make monitors mandatory for IPOs up to Rs 500 crore

Sebi plans to make monitors mandatory for IPOs up to Rs 500 crore

Source: Economic Times Apr 13, 2017

The Securities and Exchange Board of India (Sebi) plans to make it mandatory for companies raising less than Rs 500 crore through initial public offering (IPO) to appoint a monitoring agency to keep track of the use of funds. The board also plans to reduce paperwork for foreign portfolio investors wanting to bring money into the country and allow systemically important non-banking finance companies (NBFCs) in the institutional category in public issues.

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