Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019 effective on 5th April, 2019

In exercise of the powers conferred under Section 30 of the Securities and Exchange Board of India Act, 1992, the SEBI has made the regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2019. SEBI has earlier launched ‘Institutional Trading Platform’ for listing of shares of start-ups which has failed to gain much traction. Now, SEBI has come up with the revised version along with the relaxed norms for listing of new-age venture start-ups operating in e-commerce, data analytics, bio-technology and nano-technology sectors to raise funds and get their shares traded on the stock exchanges. The name of platform has been changed from ‘Institutional Trading Platform’ to ‘Innovators Growth Platform’. This platform shall be accessible by institutional investors, non-institutional investors and retail individual investors. Earlier, retail individual investors were not allowed to access.

Link: http://egazette.nic.in/WriteReadData/2019/201764.pdf

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