SEBI working to relax norms for start-ups
Shortpedia
Content Team
Image Credit: moneylife.in
To support start-ups, SEBI is in discussions to relax various norms for them. Once the changes are done, the panel is expected to reveal the report in November this year. The changes may include giving freedom to promoters to categorize themselves as ordinary shareholders; to free promoters from the mandatory 3-year lock-in period and allowing PE investors in start-ups to declare themselves as promoters of a company.
