Team Blitz India
NEW DELHI: Market watchdog Security and Exchange Board of India (SEBI)on November 25 approved a slew of proposals, including providing flexibility to Not for Profit Organisations (NPOs) in raising funds through the social stock exchange and also decided to introduce a regulatory framework for index providers.
Besides, the regulator will put in place a new regulatory framework for facilitating Small and Medium Real Estate Investment Trusts (SM REITS) apart from amending norms to strengthen the protection of investors who have pumped in money into Alternative Investment Funds (AIFs).
The decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting on November 25.
On SM REITS, SEBI Chairperson Madhabi Puri Buch said the objective is to help expand the market significantly so that more retail investors can have fractional ownership in REIT units.
