Philanthropy & CSR: A panel constituted by the Securities and Exchange Board of India (SEBI) in September 2020, to develop a framework for the country’s first Social Stock Exchange (SSE) has submitted its report.
It is now open to the public for review and comments are being sought on the recommendations made by the panel. Suggestions and comments have to be sent to SEBI before June 20th, 2021.
The panel, led by Harsh Kumar Bhanwala, ex-Chairman of NABARD, was mandated to develop a framework to onboard nonprofits and for-profit enterprises on the SSE. This included defining for-profit social enterprises, and prescribing disclosure requirements related to financials, governance, operational performance, and social impact. It was also asked to cover matters related to scope of work, eligibility criteria, and regulation of social auditors.
SEBI has specified that comments should be sent to the following people: Yogita Jadhav (yogitag@sebi.gov.in), Abhishek Rozatkar (abhishekr@sebi.gov.in), and Rajesh Kumar Meena (rajeshm@sebi.gov.in).
For those who would like to send their comments by post, they should be addressed to Yogita Jadhav, General Manager, Corporation Finance Department, DIL-I, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.
Read this article to know what the Indian Social Stock Exchange can learn from global examples.
