Securities and Exchange Board of India (SEBI)
                                Notifications, Policies, Guidelines

India's stock market regulator SEBI , in a discussion paper on 30th March 2015 has proposed reducing the lock-in period for initial public offerings to six months to local start-ups such as software product development firms and e-commerce ventures. Earlier, the lock-in period varied from one to three years depending on the category of investor. However Only two types of investors—qualified institutional buyers (QIBs) and non-institutional investors (NIIs)—will be allowed to invest in shares of start-ups that opt for listing, Sebi has suggested.

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