SEBI Proposes Overhaul of Social Stock Market Structure
The Stocks and Exchange Board of India (SEBI) is suggesting significant changes to the Social Stock Exchange (SSE) framework to enhance engagement and access to capital for social business. An examination paper launched Monday details vital recommendations:
- Lowered Minimum Investment: Reducing the minimum investment in Social Effect Finances (SIFs) from 2 lakh to 1, 000 for specific capitalists.
- Expanded Registration: Allowing NPOs three years (up from two) to raise funds prior to deregistration, attending to hold-ups in regulatory approvals.
- Lower Subscription Threshold: Lowering the minimal registration requirement for Zero Promo code Zero Principal (ZCZP) issuances from 75 % to 50 % for certain jobs.