Big Win For Startups in India ! SEBI appoints Narayana Murthy to head panel on start-ups !

21st May 2015, New Delhi : The Securities and Exchange Board of India (SEBI) is preparing a new regulatory framework for startups and alternative investments and has set up an 18-member panel headed by NR Narayana Murthy to advise on policy matters in this regard.

The panel is expected to give recommendations to Sebi on issues related to the further development of the alternative investment and startup ecosystem in India. The group is expected to advise SEBI on any matters that might hinder the development of these ecosystems in the country.

Infosys co-founder Narayana Murthy has been appointed Chairperson. Other members in the committe will include Sanjay Nayar (Indian Private Equity and Venture Capital Association Chairman and KKR India CEO), Saurabh Srivastava (Indian Angel Network), Ajay Piramal (Piramal Group), Devinjit Singh (Carlyle Group) and Manish Chokhani (TPG Growth India), Gautam Mehra (PwC India), Akshay Mansukhani (Malabar Investments), Mani Iyer (Incube Ventures), Abid Hassan (Startup Village Fund), K E C Rajakumar (Ascent Capital Advisors), Sudhir Sethi (IDG Ventures India and iSPIRT Foundation), Sunil Godhwani (Religare Enterprises) and Gopal Srinivasan (TVS Capital Funds).

Sebi’s Executive Director Ananta Barua and its General Manager Barnali Mukherjee would also be part of the panel, along with RBI’s Executive Director N S Vishwanathan and Finance Ministry Deputy Secretary Nikhil Varma.

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