Several Steps Proposed to Deepen the Reforms in Capital Market
The Union Finance Minister Shri Pranab Mukherjee while presenting the General Budget 2012-13 in the LokSabha today has proposed a series of steps in deepening the reforms in Capital Market. These include:
• Allowing Qualified Foreign Investors (QFIs) access to Indian Corporate Bond market.
• Simplification of process of issuing Initial Public Offers (IPOs) and lowering of cost.
• Mandatory for companies to issue IPOs of Rs 10 crore and above in electronic form.
• Allowing Electronic Voting facility to provide opportunities for wider shareholder participation.
• Two-way fungibilityin Indian Depository Receipts (IDRs) permitted subject to a ceiling.
• Allowing Qualified Foreign Investors (QFIs) access to Indian Corporate Bond market.
• Simplification of process of issuing Initial Public Offers (IPOs) and lowering of cost.
• Mandatory for companies to issue IPOs of Rs 10 crore and above in electronic form.
• Allowing Electronic Voting facility to provide opportunities for wider shareholder participation.
• Two-way fungibilityin Indian Depository Receipts (IDRs) permitted subject to a ceiling.
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