Sebi to consider easing listing standards for SMEs on Nov 9
The Securities and Exchange Board of India is convening a meeting on November 9 to consider relaxing listing standards for small and medium enterprises.
“Based on feedback from market participants we are considering relaxation of certain standards,” Sebi wholetime member M S Sahoo said at an Assocham conference.
Sahoo said the market regulator is considering relaxing the entry criteria of Rs 3 crore tangible assets (each of the preceding three years) for SME listing.
A small firm with a track record of distributable profit for at least three out of the immediately preceding five years may be eligible for the listing, he said.
As far as disclosure standards are concerned, Securities and Exchange Board of India would make them go electronic to reduce cost of disclosure, reduce frequency of disclosure of financial statement to half yearly from quarterly now, he said.
It also proposes to reduce quantity of the disclosure statement containing salient features instead of the full balance sheet or profit & loss account, he said.
