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IPO of regulatory body


harshit mehta   04 December 2020

harshit mehta

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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.
Chirag

Chirag (Professional)     07 December 2020

Chirag
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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)...
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Heet Shah

Heet Shah (Tax Consultant)     07 December 2020

Heet Shah
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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

Heet Shah

Heet Shah (Tax Consultant)     07 December 2020

Heet Shah
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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. 

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Chirag

Chirag (Professional)     07 December 2020

Chirag
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@ Harsh Shah, The query was "OUT OF BOX" ,so, I also Gave "OUT OF BOX " answer.
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harshit mehta

harshit mehta   07 December 2020

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Thanks Heet Shah and Chirag.

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