SEBI announced to Ease Listing Norms for Startups

Current Context: The Securities and Exchange Board of India (SEBI) announced to ease the eligibility and listing criteria particularly on Innovators Growth Platform (IGP) to help the startups.

• The SEBI has also made amendments to SEBI regulations like the Delisting of Equity Shares and Alternative Investment Funds.
• Currently, for a company to list on IGP need to have 25% pre-issue capital for at least two years by an institutional investor and other large investors. Now, this is revised to one year by SEBI.
• The pre-issue shareholding of IGP investors was 10%, this is now modified to 25%.
• Initially, the open offer threshold limit to companies for being under IGP was 25%. It is now modified to 49%.
• The promoters or the acquirer are supposed to disclose their intention to delist the company by making a public announcement at the prior stage and they as permitted to mention an indicative price of delisting which should not be less than the floor price.
• Also, SEBI has allowed angel investors to make investments in startups.
• Static Part: 
• HQ of SEBI: Mumbai
• Chairman of SEBI: Ajay Tyagi