SEBI

Alphalogic Techsys is the first startup to be listed on BSE startup platform

The startup will be listed on September 5 at the share price of INR 84 per share

BSE Startups was launched in December 2018

A tech company with superior voting rights can do IPO of only ordinary shares

Ola CEO Bhavish Aggarwal said this will encourage Indian companies to list within the country

Post-IPO, the SR Equity Shares shall be treated as ordinary equity shares in terms of voting rights

SEBI released framework for a proposed innovation sandbox on May 20

Within this SEBI has proposed offline testing of solutions by fintech startups

A sandbox is a testing environment for development and troubleshooting of software

The equity shares are expected to open at the price of INR 970 - 973 per share

IndiaMART is a B2B marketplace founded in 1996

The company had posted revenue of $61.7 Mn in FY18

RBI removes charges on NEFT, RTGS transactions to boost digital payments

Telangana releases draft blockchain policy, invites feedback

DPIIT proposes National Retail Policy to boost domestic growth and benefit 65 Mn small traders

Exchanges and depositories shall be responsible for accredited investors data

Accreditation shall be valid for three years

The accreditation would apply for startups that would be listed on the Innovators Growth Platform

SEBI released a framework for innovation sandbox to promote security in the market

IRDAI came up with a similar initiative to ensure flexibility in the insurtech market

A regulatory sandbox will allow fintech startups to test their products before going live and understand the gaps in their services

The demand has come after SEBI’s consultation paper on DVRs published last month

SEBI had proposed a sunset clause of 5 years for promoters to prevail DVRs

IndiaTech demands the clause to be increased to 15 years

SEBI has issued a show cause notice to the unregistered investment advisors

Rishabh Jain, Ubaidur Rahman and G. Kadar Hussain are the unregistered investment advisors

The accused operated 12 websites in all

The sandbox or innovation hub will help the companies test their products at a lower cost

The sandbox will provide a well defined space for the companies to develop new products

RBI governor Shaktikanta Das also believes new regulatory framework is needed to protect user interests

Foreign portfolio investors (FPIs) argued that sharing KYC database will violate their home country’s law

In 2018, SEBI had asked FPIs to submit KYC documents of its beneficial owners to custodian banks

In the last six trading sessions, FPIs invested around INR 5,300 Cr in Indian equity markets

Bahrain has Invited Indian cos in its financial services using blockchain

K-DISC is inviting application for its blockchain acceleration program

IBM has launched a blockchain cybersecurity service