Framework for the process of accreditation of investors for the purpose of Innovators Growth Platform

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..... 83.(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018 ("ICDR Regulations"). 2. Accordingly, the framework for the process of accreditation of investors is detailed below: A. Eligibility The following entities shall be eligible to be considered as AIs: i. Any individual with total gross income of ₹ 50 lakhs annually and who has minimum liquid net worth of ₹ 5 crores; or ii. Any body corporate with net worth of ₹ 25 crores. B. Procedure for accreditation (a) Responsibility of Stock Exchanges/Depositories The investor, having a demat account with a Depository, will make an application to the Stock Exchanges/Depositories in the manner prescribed by them for recognition as an AI. The Stock .....

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..... s issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Narendra Rawat General Manager Corporation Finance Department [email protected] Annexure-A For accreditation as an Accredited Investor for the purpose of Innovators Growth Platform, the investor having a demat account with a Depository shall submit the following documents with the Exchanges/Depositories or Brokers/Depository Participants: I. In case of Individual / HUF i) Copy of PAN Card. ii) Copy of Aadhaar Card or Copy of Valid Passport. iii) Income tax return of .....

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..... it, is not in violation of the restrictions imposed by SEBI under SEBI circular no. SEBI/HO/ MRD/DSA/CIR/P/2017/92 dated August 01, 2017. (v) he/she/it, is in compliance with RBI regulations, if applicable. (vi) that the investment in the Companies are in compliance with RBI norms, if applicable. (vii) that the submissions made to the Exchange/Depository are true and correct and if found incorrect, the Exchange/Depository reserves the right to reject the application and take necessary action. (viii) that in case of ineligibility due to change in the financial status of the Accredited Investor, he/she/it shall inform the Stock Exchange/Depository of such ineligibility. II. In case of body corporate (including LLP) i) Certificate o .....

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