SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 12 Oct, 2015  

PHD.9.Thmb.jpg SEBI for a conducive climate for start-ups: Sinha

SEBI.Resize.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
Saurabh Gupta | 12 Oct, 2015

Chairman, Securities and Exchange Board of India (SEBI), U K Sinha has said that the capital market regulator (SEBI) is trying its best to create conducive climate for start-ups to fuel India's growth story by way of restricting their migration to countries such as Singapore and USA.

Delivering his key note address at an Interactive Session on Start-up & SME IPOs under aegis of PHD Chamber of Commerce and Industry in New Delhi on Monday, Sinha said, "Start-up and SME IPOs have begun to develop in India. The perception, however, is building that start-ups are flying away from India and better performing wooing investments in countries like USA and Singapore but this remains a perception at a time when such a thing has begun to happen."

This will change in due course and India will shortly begin witnessing sufficient conducive conditions and climate for start-ups to stay put in India and diversify their operations from being based here, added Sinha pointing out that SEBI would recommend even tax concessions for these start-ups to the government as the institution can only make suggestions as mooted by the PHD Chamber of Commerce and Industry.

The SEBI Chairman said that close to 8,000 foreign portfolio investors were registered with India which showed the strength of its capital market which is one of the best in the entire globe and similar trend would pick up under which the start-ups exodus outside India would stop and a vast majority of them would prefer to work from here as already a good number of them are operating from here.

The Executive Director, Corporation Finance Department, SEBI, P K Nagpal in his observations felt that the SEBI has already come out with guidelines for listing SME IPOs provisions and they should conduct their IPO preparations in a manner so that the interest of all the stakeholders in it are protected.

In theirs remarks, President, PHD Chamber, Alok B. Shriram and its Capital Market Committee Chairman, Prithvi Haldea complimented the SEBI under the leadership of Sinha for undertaking host of reforms and taking the capital market to new heights in the last couple of years.

Among others who participated in the Session comprised Chief-Business Development, National Stock Exchange of India, Ravi Varanasi; Head, BSE SME Platform, BSE Ltd., Ajay Thakur; Managing Director, Kotak Mahindra Capital Co. Ltd., S Ramesh; Group Managing Director, Pantomath Advisory Services Group, Mahavir Lunawat; Co-Founder & GC Member, iSPIRT Foundation, Sharad Sharma and Fellow, iSPIRT Foundation, Sudhir Singh.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter