SEBI Proposes Overhaul of Social Stock Exchange Structure
The Securities and Exchange Board of India (SEBI) is recommending substantial changes to the Social Stock Exchange (SSE) structure to boost involvement and accessibility to capital for social ventures. An appointment paper launched Monday lays out key referrals:
- Reduced Minimum Investment: Reducing the minimal financial investment in Social Impact Funds (SIFs) from 2 lakh to 1, 000 for individual capitalists.
- Expanded Enrollment: Enabling NPOs 3 years (up from 2) to increase funds before deregistration, attending to hold-ups in regulatory authorizations.
- Reduced Registration Limit: Reducing the minimum membership requirement for Zero Discount coupon No Principal (ZCZP) issuances from 75 % to 50 % for specific projects.
