BSE gets SEBI's approval to set up a separate social stock exchange

BSE on Friday received approval from the Securities Exchange Board of India (SEBI) to set up a social stock exchange (SSE) as a separate segment of the BSE. 

"This is to inform that, SEBI has granted its in-principle approval to BSE for introducing SSE as a separate Segment on BSE," the notification by BSE read.

In July, SEBI notified rules for Social Stock Exchange (SSE) to provide social enterprises with an additional avenue to raise funds. 

In its circular, the regulator had specified minimum requirements to be met by a non-profit organisation (NPO) for registration with SSE, disclosure requirements for