SEBI mulls norms on crowd-funding for MSMEs Market regulator, Securities and Exchange Board of India (SEBI) is preparing regulations for crowd-funding for small businesses that will help start ups raise funds. SEBI Wholetime Member, Rajeev Agarwal Wednesday said, it was evolving guidelines in consultation with government for funding arrangements for star up entrepreneurs. Crowd-funding is basically a practice of raising fund for small business projects or ventures from a large number of individuals as well as organisations typically through various online platforms. He pointed out that crowd-funding issue was discussed by the international board of SEBI in detailed and concluded that the subject has not even been debated in great details in advance economy such as US and Europe and that India should wait for some time on it before contemplating regulations and directives on the matter.
Posted on: Thu, 15 Jan 2015 07:23:55 +0000