Sebi looks to do away with promoter concept

With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on the bourses, Sebi has decided to do away with this traditional concept. The Sebi board on Friday gave its nod to start the process of changing the concept of ‘promoters’ to … Read more

SEBI moots concept of ‘accredited investor’

Regulator SEBI on Wednesday sought comments on the proposal to introduce the concept of ‘accredited investors’ in the Indian securities market. The comments can be sent to the regulator in a prescribed format latest by March 18, it said in a consultation paper. SEBI noted that accredited investors, also called qualified investors or professional investors, … Read more