by: Grow VC Group
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In 2014, India’s financial markets authority (SEBI) published a draft of regulations to allow online investing in the country and put them up for public comments. No action has been taken since then. However, according to official sources, the game may soon change.

The proposal was then subject to a public consultation and many local stakeholders provided their insights and points of view. Nevertheless, the rule making process was put on hold, mainly because there were still some open issues on how to handle cross-border investments and because the Indian financial authority preferred to see some more cases of how other countries regulated the growing sector of digital investing.

According to several sources, it seems that the situation may change soon. SEBI, which formed an internal committee to write a report for recommending norms to encourage entrepreneurial activities in India – including crowdfunding, will probably submit it within one month. After this milestone has been achieved, SEBI will start dealing with implementation.

Read the whole article on Crowd Valley Blog.

SEBI Headquarters (photo: Wikipedia).

SEBI Headquarters (photo: Wikipedia).

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Wednesday, January 6th, 2016 at 7:00 am and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.