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Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs


The Securities and Exchange Board of India (Sebi) on Wednesday paved the way for fintech companies and other start-ups to set up asset management companies (AMCs) by tweaking the eligibility criteria. The market regulator also tightened the shareholding norms for companies relisting after undergoing the corporate insolvency resolution process (CIRP) to ensure fair price discovery.
Sebi said an entity would be allowed to sponsor a mutual fund even if it didn’t fulfil the profitability requirement. However, the entity would need to have a net worth of Rs 100 crore. At present, MF sponsors need to have a profitability track record and are required to maintain a net worth of Rs 50 crore. ....

Joydeep Sen , Pantanjali Ayurved , Kaustubh Belapurkar , Dhirendra Kumar , Ruchi Soya Industries , Exchange Board Of India Sebi On , Value Research , Fund Research , Exchange Board , Morningstar Investment , Arcelormittal Nippon , Ruchi Soya , ஜோய்தீப் சென் , திரென்திற குமார் , ருச்சி சோயா தொழில்கள் , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி ஆன் , மதிப்பு ஆராய்ச்சி , நிதி ஆராய்ச்சி , பரிமாற்றம் பலகை , காலை நட்சத்திரம் முதலீடு , அர்ஸலாமிட்டல் நிப்பான் , ருச்சி சோயா ,