The
Securities and Exchange Board of India or Sebi’s online register and
registration system for emissary to usher in ease of business has had a mixed
effect. The registration process on an average according to market colleague has
doubled or become three times as against the earlier timeline of a month.
This is
due to inefficiencies in the recently installed information technology systems
which is also leading to double filings once online and then manually, said
four people with direct knowledge of the matter including lawyers, consultants,
advisors, fund managers on condition of anonymity.
The market emissary and consultants are planning to write to Sebi on the
issues they are facing during the registration processesRead More:- Sebi Updates
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