e-Governance

eIPOs to widen the distribution of IPOs:SEBI

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Securities and Exchange Board of India (SEBI) announced that implementing e-IPOs is next on its agenda to revitalise the primary market.

Meanwhile, the regulator also indicated it is considering increasing the expense ratio limit, as well as providing mutual funds greater flexibility on expenses, within the overall limit.

Though the e-IPO concept has been in the pipeline for some time, a formal decision could not be taken because of various regulatory issues. In fact, the SEBI board was informed on November 24 last year that implementing an e-IPO requires amendments to the Companies Act.

However, it is not in favour of revoking the three-year ban on entry load. All these issues were discussed at a meeting called by the Finance Ministry with fund houses and SEBI officials on Monday.

 

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