Social Stock Exchange (SSES) A technical group on social sto | UPSC PIB NEWS
Social Stock Exchange (SSES)
A technical group on social stock exchanges (SSEs),constituted by SEBI, has recommended that political and religious organisations, trade organisations as well as corporate foundationsshould not be allowed to raise funds through SSEs
SEBI set up the technical group in September under the chairmanship of Harsh Bhanwala,former chairman of NABARD.
The technical group report said both For Profit Enterprise (FPE) and Not for Profit Organisation (NPO)will be eligible to tap the SSE if they are able to show their primary goals are social intent and impact.
SSE are engaged in at least one of the 15 broad eligible activities.
They target underserved or less privileged population segments or regions; and should have at least 67 per cent of its activities qualifying as eligible activities to the target population.
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