Sebi highlighted that these platforms operate in violation of the Securities Contracts (Regulation) Act, 1956, and the Sebi Act, 1992, which are designed to protect investors' interests
Besides MNCs, the top 30 list also includes two public-sector companies: Orissa Mining Corporation and HLL Life Care
IPOs of some of the recent small finance banks (SFBs) have not done so well. However, Utkarsh SFB looks set to buck the trend
Easier access to funds would help lift the mood in a startup sector that has been hit by the global tech market rout
However, investors have to deal with counterparty risk
Proposed norms are in the right direction
Unlisted companies have no formal takeover code and shares are transferred on the basis of contracts and agreements
At present, listed companies need to have shares in electronic form but is not compulsory
Among the 66,063 active unlisted public limited companies, 13,030 were registered in Maharashtra
Experts say the market regulator doesn't have the capacity to take on more responsibilities