can any regulatory body I.e. Icai or Icsi
bring an ipo?
as these bodies are covered in #1(4)(f) of companies act 2013 as body corporate.
5 Replies
Chirag
(Professional)
(1979 Points)
Replied 07 December 2020
No., ICSI/ICAI/ICMAI Or other institutes, are not profit oriented entities, they are regulator on their own set up by act of Parliament, So I don't think so Educational Institute can bring IPO, Like For ICSI authority is MCA and sure for others,even assume for second they brought their debt securities to be listed, then I don't think so anyone will subscribe it...Its not a company Like SBI, But future is dynamic and may be that IIM/IIT/ ICSI/ICAI /ICMAI May get their debt securities listed on Education stock exchange (But it seems impractical)...
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 07 December 2020
| Originally posted by : Chirag | ||
 |
No., ICSI/ICAI/ICMAI Or other institutes, are not profit oriented entities, they are regulator on their own set up by act of Parliament, So I don't think so Educational Institute can bring IPO, Like For ICSI authority is MCA and sure for others,even assume for second they brought their debt securities to be listed, then I don't think so anyone will subscribe it...Its not a company Like SBI, But future is dynamic and may be that IIM/IIT/ ICSI/ICAI /ICMAI May get their debt securities listed on Education stock exchange (But it seems impractical)... |  |
Law does not works on what Ur thoughts are. Just stick to the question is it allowed for such institute to bring in an IPO
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 07 December 2020
| Originally posted by : harshit mehta | ||
|
can any regulatory body I.e. Icai or Icsibring an ipo? as these bodies are covered in #1(4)(f) of companies act 2013 as body corporate. | |
Regulatory bodies are governed by special Acts so they cannot come up with ipo.
Chirag
(Professional)
(1979 Points)
Replied 07 December 2020
@ Harsh Shah, The query was "OUT OF BOX" ,so, I also Gave "OUT OF BOX " answer.
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