Sebi board clears frameworks for gold, social inventory exchanges

Markets regulator Sebi’s board on Tuesday accepted a slew of reforms, together with frameworks for gold and social inventory exchanges.
Besides, the regulator has determined to loosen up eligibility necessities associated to shares having superior voting rights, Sebi Chairman Ajay Tyagi mentioned in a press convention after the board assembly.
On the social inventory alternate, Tyagi mentioned a proposal has been cleared for the creation of this alternate for fundraising by social enterprises.
Tyagi additional mentioned he can’t specify the timeline for such alternate, and can coordinate with the federal government to take it forward.
The board additionally cleared a proposal to amend de-listing framework after an open supply.