The record
Written from the 1 report below. Nothing here is unsourced.
- The Securities and Exchange Board of India intends to simplify compliance and decrease costs associated with public issues.
- The regulator plans to examine current requirements for IPO price bands and mandatory newspaper advertising.
- A working group will be established to review the Issue of Capital and Disclosure Requirements regulations.
- These changes aim to improve the performance framework and clarify the responsibilities of merchant bankers.
What to watch next
- Publication of the upcoming consultation paper on merchant banking regulations
- Formation of the working group to review ICDR regulations
- Implementation of quarterly or half-yearly discussions between SEBI and merchant bankers
Who said what3
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Jeevan Sonparote
Executive Director
2 quotes · 1 outlet
“Six months is what we have given ourselves to see how the regulation works out, and we will put out a consultation paper in a short period”
In the article
…will review its merchant banking regulations and the rules governing public issues, with a focus on simplifying compliance and bringing down the cost of raising money through IPOs, a senior official said on Wednesday. “ Six months is what we have given ourselves to see how the regulation works out, and we will put out a consultation paper in a short period ,” Jeevan Sonparote, Executive Director, SEBI said at a conference organised by the Association of Investment Bankers of India (AIBI). The review will examine whether the rules reflect the actual work done by merchant…
“There is a need to revisit this particular procedure”
In the article
…advertisements. Sonparote said the regulator would examine whether the existing advertising process was still required in its current form, given the large amount of newspaper advertising involved in public issues. “ There is a need to revisit this particular procedure ,” he said. The ICDR review is expected to be taken up over the next six months. SEBI will also hold more regular discussions with merchant bankers, particularly those handling SME issues, on compliance and offer…
PS Dinesh Kumar
presiding officer
1 quote · 1 outlet
“There is a Lakshman Rekha between you and the client. And if that is crossed, all the problems start”
In the article
…At the same conference, Securities Appellate Tribunal presiding officer Justice PS Dinesh Kumar said merchant bankers needed to maintain professional distance from their clients while carrying out due diligence. “ There is a Lakshman Rekha between you and the client. And if that is crossed, all the problems start ,” Kumar said. He said merchant bankers should independently examine a company’s financials, documents and fundamentals and assess its projections before advising clients. SEBI relies on merchant bankers to examine…
Coverage1
All filed from India
Named India · Association of Investment Bankers of India · Jeevan Sonparote · PS Dinesh Kumar · Securities and Exchange Board of India · Securities Appellate Tribunal
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