Sebi issues SME guidelines

Companies wanting to list on an SME exchange would not be required to submit financial numbers every quarter and can also do away with sending the complete annual report. These are some of the relaxations provided by the Securities and Exchange Board of India (Sebi) to companies that intend to list their shares on SME exchange rather than the main board. "Certain relaxations are provided to the issuers whose securities are listed on SME exchange in comparison to the listing requirements in Main Board," said Sebi in a circular issued on Tuesday.