In a bid to back startups, Sebi is all set to make norms for crowd funding easier. A new trading platform for internet startups is on the anvil.
This will help companies to easily gather funds via online platforms from wide spectrum of people. It will become a reality to source funds using online media.
As per the draft proposal introduced last year, annual limit will be 10 crores via this media that too under some regulations. Retail investors can go upto as high as 10% of its total networth.
Few restrictions are also in place to prevent misuse. Real state entities are not allowed under this. Any entity with backing of more than 25crores per year can also not source account via this route.
This is welcome scheme from Sebi. It would not only aid in make in India, but also help creating jobs which was a election promise of the present Government. Rejoice!
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