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May 21, 2015
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Sebi puts crowd funding regulations on the back burner
The crowd funding regulations proposed by the Securities and Exchange Board of India (Sebi) nearly a year before have gone into cold storage, said sources with knowledge of the development.
“The thinking within Sebi is that introducing (such) norms would be premature, as no other jurisdiction has a regulated crowd funding market,” said one.The other important reason to shelve it for the time being is the issue of getting a handle on cross-border investments.
Source -
http://www.business-standard.com
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