SEBI notifies rules for listing at Social Stock Exchange by Non Profit Organizations/Profit Social Enterprises
SEBI has notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022.
These regulations apply to the following:
(a) a Not for Profit Organization seeking to only get registered with a Social Stock Exchange;
(b) a Not for Profit Organization seeking to get registered and raise funds through a Social Stock Exchange;
(c) a For Profit Social Enterprise seeking to be identified as a Social Enterprise under the provisions of this Chapter.
The Social Stock Exchange has been defined to means a separate segment of a recognized stock exchange having nationwide trading terminals permitted to register Not for Profit Organizations and / or list the securities issued by Not for Profit Organizations in accordance with provisions of these regulations
A not for Profit Organization or a For Profit Social Enterprise shall be called “Social Enterprise” that meets the specified eligibility criteria which inter alia require establishing primacy of its social intent, targeting underserved or less privileged population segments or regions and having at least 67% of its activities, qualifying as eligible activities to the target population.
Further, a “For Profit Social Enterprise” means a company or a body corporate operating for profit, which is a Social Enterprise for the purposes of these regulations and does not include a company incorporated under section 8 of the Companies Act, 2013.
The amendment deals with eligibility for raising of funds by Social Enterprises, issuance of Zero Coupon Zero Principal Instruments, issuance of Zero Coupon Zero Principal Instruments.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…