SEBI Board Meeting: Chairperson Pandey Clarifies PSU Delisting Norms, Founders Owning ESOPs At IPOs And More

We come to an end of today's SEBI meet coverage. See you at the next meeting!

Here are some of the key takeaways from the meeting:

• Approved easier norms for the voluntary delisting on government firms.

• Confirmed co-investment opportunities for the alternate investment fund industry.

• Approved easier compliance norms for research analysts and investment advisors.

• Okayed norms for ease of doing business for portfolio managers.

• Allowed the founders of startup companies to retain employee stock ownership plans that they were granted at least a year before a firm's initial public offering.

The Securities and Exchange Board of India approved a proposal to allow the founders of startup companies to retain employee stock ownership plans that they were granted at least a year before a firm's initial public offering. Catch all updates on the same here.

Read more on SEBI's approval for the voluntary delisting of government PSUs here.

Clearing corps should be independently funded. The ownership can still be with exchanges, said Pandey.

Source: Presser