A Sebi-constituted committee, headed by Infosys co-founder NR Narayana Murthy, to suggest ways for raising of funds through crowdfunding is likely to submit its report in a month, Sinha added.

"The committee is still deliberating on crowdfunding. They had made sub-committees, which have submitted the report to the main committee," Sinha told reporters on the sidelines of an industry event on corporate governance.

"The committee is very active and sincere about it and I am sure in a month from now, we will get the final report and then we will come to the area of implementation," he added. The markets regulator had earlier come out with a discussion paper for crowdfunding norms to help young entrepreneurs and small groups of people raise funds.

Crowdfunding typically involves young entrepreneurs and small groups of people raising funds for their ventures through various online platforms involving individuals and organisations.

Sebi chairman also said the regulator is actively working towards making it possible for mutual funds (MF) to sell their schemes on e-commerce platforms.

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