SEBI floated a consulting paper on regulations for crowdfunding in India in June 2014.
http://www.sebi.gov.in/sebiweb/userview/detail/4/28239/PR-SEBI-Issues-Consultation-Paper-on-Crowdfunding-In-India-
October 2014 news says it will take some more time for final guidelines from SEBI.
http://m.financialexpress.com/news/wait-may-get-longer-for-crowdfunding/1298226
SEBI Crowdfunding Definition : Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause.
Crowdfunding has been divided into 4 categories: Donation crowdfunding, Reward crowdfunding, peer-to-peer lending and equity crowdfunding.
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