Mixed response to Sebi's online filing system

The system was introduced to usher ease of doing business environment in the regulator's workings.

The online filing and registration system by the capital market regulator, Sebi, has had a mixed response by the intermediaries.
 
The system was introduced to usher ease of doing business processes in the regulator's work.
 
However, the market participants say the registration process on an average has doubled or become three times as against the earlier timeline of a month.
 
The reason cited is the inefficiencies in the information technology systems, and also double filings - once online and then manually, four people with direct knowledge of the matter were quoted as saying.
 
The intermediaries and consultants are considering raising this issue with the Sebi.
 
Source: LiveMint

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