Have you heard about Social Stock Exchange, an initiative aimed at combining social welfare and capital markets?📈
Recently, the National Stock Exchange of India received final approval from the markets regulator SEBI to set up a Social Stock Exchange (SSE).
Recently, the National Stock Exchange of India received final approval from the markets regulator SEBI to set up a Social Stock Exchange (SSE).
How does SSE function?
- The SSE would function as a separate segment within the existing stock exchange.
- It will help social enterprises raise funds from the public through its mechanism and help finance social initiatives.
- The SSE would function as a separate segment within the existing stock exchange.
- It will help social enterprises raise funds from the public through its mechanism and help finance social initiatives.
Eligibility:
Any non-profit organization (NPO) or for-profit social enterprise (FPSEs) that establishes the primacy of social intent would be recognized as a social enterprise (SE), which will make it eligible to be registered or listed on the SSE.
Any non-profit organization (NPO) or for-profit social enterprise (FPSEs) that establishes the primacy of social intent would be recognized as a social enterprise (SE), which will make it eligible to be registered or listed on the SSE.
Who all are eligible?
Corporate foundations, political or religious organizations or activities, professional or trade associations, infrastructure and housing companies (except affordable housing) would not be identified as an SE.
Corporate foundations, political or religious organizations or activities, professional or trade associations, infrastructure and housing companies (except affordable housing) would not be identified as an SE.
What disclosures need to be made?
SEBI’s regulations state that a social enterprise should submit an annual impact report in a prescribed format.
SEBI’s regulations state that a social enterprise should submit an annual impact report in a prescribed format.
That's a wrap!
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