The SEBI has released a consultation paper on January 20, 2025, proposing a review of the Social Stock Exchange (SSE) framework. The aim is to streamline fundraising for social enterprises, attract investors, and enhance transparency. This article explores several key focus areas, including:
‣ Meaning of Social Stock Exchange
‣ Background & Rationale
‣ Expansion of NPO Definition
‣ Substituting 'Social Impact Assessment Firm' with 'Social Impact Assessment Organisation'
‣ Allowing NPOs to Register with SSE for Up to 2 Years Without Raising Funds
‣ Broadening Eligible Activities for Social Enterprises
‣ Expanding Target Segments for Social Enterprises
‣ 67% Activity Qualification Criteria for NPOs & FPEs
‣ Inclusion of 'Project/Programme Proposal' for Raising Funds via Zero Coupon Zero Principal Instruments
‣ Enhancement of Disclosure Requirements for NPOs
‣ Modification of SSE Framework – 'Annual Impact Report' (AIR) Revisions
