SEBI Invites Comments on Social Stock Exchange-SSE for Listing Social Enterprises, NGOs
Moneylife Digital Team 01 June 2020
Market regulator SEBI has invited comments from public on a report on Social Stock Exchange-SSE for listing social enterprise and voluntary organisations. 
 
Following the announcement in the Budget, SEBI had formed a working group on SSE headed by Ishaat Hussain and consisting of representatives of the stakeholders active in the space of social welfare, social impact investing, representatives from ministry of finance, the stock exchanges and non-government organisations (NGOs). 
 
SEBI says, "Social Stock Exchange-SSE is a novel concept in India. The working group had a series of consultation with various stakeholders including voluntary organisations, social enterprises and philanthropic organizations in order to assess the difficulties faced by them in raising funds and donating funds."
 
Here are key recommendations submitted by the working group...
  • Non-profit organizations can directly list on SSE through issuance of bonds. 
  • A range of funding mechanisms have been recommended including some of the existing mechanisms such as Social Venture Funds (SVFs) under the Alternative Investment Funds. 
  • A new minimum reporting standard has been proposed for organizations which would raise funds under SSE. 
  • For-profit social enterprises can also list on SSE with enhanced reporting requirements.
  • To encourage "giving" culture, some tax incentives have also been recommended.
 
 
SEBI says, public can send comments email to Yogita Jadhav, DGM ([email protected]) and Abhishek Rozatkar, AGM ([email protected]) by 30 June 2020.
Comments
tillan2k
1 year ago
do not permit buy back of shares by Companies like ESSAR or Adani borrowing to buy is unethical if group wants to buy back to delist make profit and then list like DLF it is not fair to large number of small share holders. pl intervene to stop disguised and deceitful practices by crony capitalists..
pl ask multi baggers to totally separate the regulated and non regulated business and use regulated capex to invest in non regulated business. for better appreciation analyse the balance sheet of multibaggers like Torrent power, CESC , Adani, ESAAR . Tata Power analyse the balance sheet before they entered power sector and after plants were commissioned , analyse ratios, like return on assets, ROE for more analyses study Security Exchange Commission ( SEC USA ) and their hard regulation of power companies in (1935- 40 depression )
Ramesh Popat
1 year ago
good news for MLF!?!
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