SEBI has issued Consultation Paper on Flexibility in the framework on Social Stock Exchange dated August 19, 2023. Social Stock Exchange Advisory Committee has issued following recommendations:
- The minimum issue size of Social Stock Exchanges(SSE) may be reduced to Rs.50 lakhs.
- The minimum application size may be reduced to Rs. 10,000/-
- Non Profit Organizations having notice or ongoing scrutiny by Income Tax may be permitted on SSE subject to details regarding pending notices or scrutiny cases being disclosed at the time of making the application for the registration on SSE including Fines or penalties.
- The format and detail of the past social impact to be provided can be provided by NPOs based on past practice of the NPO.
Comments may be sent by email to email@example.com by September 19, 2023.