SEBI Suggests Overhaul of Social Stock Exchange Framework
The Stocks and Exchange Board of India (SEBI) is recommending substantial changes to the Social Stock Market (SSE) structure to boost involvement and access to capital for social enterprises. An assessment paper launched Monday outlines vital recommendations:
- Reduced Minimum Investment: Reducing the minimal investment in Social Influence Funds (SIFs) from 2 lakh to 1, 000 for individual investors.
- Expanded Enrollment: Enabling NPOs three years (up from 2) to increase funds prior to deregistration, dealing with hold-ups in regulatory authorizations.
- Reduced Membership Limit: Reducing the minimum subscription demand for No Voucher Absolutely No Principal (ZCZP) issuances from 75 % to 50 % for details jobs.
