Accredited investor accreditation for Innovators Growth Platform sets eligibility, verification and validity requirements and verification duties. The circular defines Accredited Investors (AIs) for the Innovators Growth Platform and prescribes eligibility criteria (individual income and liquid net worth; corporate net worth), documentary evidence and calculation methodologies. It allocates responsibilities to Exchanges/Depositories to receive applications, verify and maintain AI records (using brokers/DPs for intake if desired) and to grant accreditation for a prescribed validity subject to notification of changed ineligibility. Merchant bankers must perform due diligence on AI eligibility at the time of listing, and Exchanges/Depositories must implement the procedure, publish the provisions and amend rules within specified timelines.
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Accredited investor accreditation for Innovators Growth Platform sets eligibility, verification and validity requirements and verification duties.
The circular defines Accredited Investors (AIs) for the Innovators Growth Platform and prescribes eligibility criteria (individual income and liquid net worth; corporate net worth), documentary evidence and calculation methodologies. It allocates responsibilities to Exchanges/Depositories to receive applications, verify and maintain AI records (using brokers/DPs for intake if desired) and to grant accreditation for a prescribed validity subject to notification of changed ineligibility. Merchant bankers must perform due diligence on AI eligibility at the time of listing, and Exchanges/Depositories must implement the procedure, publish the provisions and amend rules within specified timelines.
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