The market regulator Securities and Exchange Board of India (Sebi) today said that there is no need to have seperate exchange for small and medium enterprises (SMEs).
After the board meeting, Sebi Chairman C B Bhave said, "It does not have to be separate exchange for SMEs."
He further said, "Companies with less than Rs 25 crore to be classified as SMEs and should be 100 per cent underwritten."
He also said SMEs need to declare only half yearly results instead of quarterly.
