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Entities listed on SSE to submit audited annual impact report, says Sebi

Market regulator clears the decks for setting up the bourse

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Listed NPOs will have to submit a statement of utilisation of funds to the SSE within 45 days from the end of the quarter

Khushboo Tiwari Mumbai

2 min read Last Updated : Sep 19 2022 | 9:20 PM IST

The Securities and Exchange Board of India (Sebi) on Monday issued a detailed framework for the Social Stock Exchange (SSE), a regulated structure that will facilitate an additional avenue for social enterprises to raise funds. The framework lists registration and regulatory disclosures, including filing of audited annual impact report, for non-profit organisations that want to use the exchange.

Finance Minister Nirmala Sitharaman proposed the concept of an SSE in her speech for the 2019-2020 Budget. The exchange is aimed at helping non-profit sectors to channel greater capital through the bourse. The market regulator notified regulations for the SSE in July

Topics : SEBI Indian stock exchanges Sebi norms Securities and Exchange Board of India stock exchange Social enterprises National Stock Exchange

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