Measures Proposed to Deepen the Reforms in Capital Market

The Union Finance Minister ShriPranab Mukherjee while presenting the General Budget 2012-13 in the LokSabha today has proposed a series of steps in deepening the reforms in Capital Market. These include:

• Allowing Qualified Foreign Investors (QFIs) access to Indian Corporate Bond market.
• Simplification of process of issuing Initial Public Offers (IPOs) and lowering of cost.
• Mandatory for companies to issue IPOs of Rs 10 crore and above in electronic form.
• Allowing Electronic Voting facility to provide opportunities for wider shareholder participation.
• Two-way fungibility in Indian Depository Receipts (IDRs) permitted subject to a ceiling.

Source : Equity Bulls

Keywords