Go paperless

Lot of talk about E-governance and paperless initiatives. My own suggestion to encourage the janta to go electronic.

As a measure to encourage paperless transactions SEBI should direct Companies going ahead with IPOs and lead managers for a more favourable pro rata allotment ratio in case of over-subscription to the applicants who have applied online. This should be as against investors who have applied on physical application forms.Applying through physical application forms leads to large scale consumption of paper as well as associated cost, time and labour expended in processing the same.

Online application is hassle-free to the investor and relatively easier to process also (I presume) eliminating costs and reducing time for both the investor and the investee company.The SEBI may consider encouraging Online Trading and Online Application and instruct /direct/order the companies to introduce this measure.
The transparency that electronic application brings is the added bonus.