Sebi to finalise crowd-funding norms in ‘a few months’

Wednesday, Dec 30, 2015,16:23 IST By Metrovaartha A A A

Mumbai | Capital markets regulator Sebi will put in place norms to help entrepreneurs raise funds through crowd-funding in a few months, Sebi chairman UK Sinha said today.

We have still not been able to finalise it because there were a lot of divergent views, Sinha told reporters here. We hope to finalise it in a couple of months.

Sinha was speaking on the sidelines of the inauguration of private lender Bandhan bank’s 600th branch in Mumbai. Sebi had constituted a committee headed by Infosys co-founder N R Narayana Murthy to suggest ways for raising funds through crowd-funding.

Earlier this month, Sinha had said the committee was likely to submit its report in a month. The regulator had earlier come out with a discussion paper on crowd-funding norms.

Simply put, crowd-funding typically involves young entrepreneurs and small groups of people raising funds for their ventures through various online platforms involving individuals and organisations.