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Govt's social stock exchanges proposal may face disclosure roadblock

An SSE is a platform that allows NGOs and voluntary non-profit organisations to raise capital for social purposes

social stock exchanges
Illustration by Binay Sinha

The government’s Budget proposal to introduce the concept of social stock exchanges (SSEs) in the country could face disclosure roadblock. Non-governmental organisations (NGOs) say the proposal to follow most of the reporting requirements mandated for listed companies, along with the additional requirement of social auditing, could prove to be a major impediment. This may restrict civil societies to go for voluntary listing. It will add to the regulatory burden, say industry experts. NGOs are already being regulated by multiple agencies and have to follow stringent rules. An ...