Sebi approves framework for creating Social Stock Exchange

Sebi, Social Stock Exchange, NABARD, Finance Minister Nirmala Sitharaman, Securities and Exchange Board of India, SIDBI, Nirmala Sitharaman

MUMBAI: The Securities and Exchange Board of India approved the creation of a Social Stock Exchange and its framework in a board meeting of the regulator held earlier today.

The proposal for the creation of a Social Stock Exchange was put forth by Finance Minister Nirmala Sitharaman in her Budget speech in July 2019.

The capital market regulator said that it will engage with NABARD, SIDBI and stock exchanges to create a capacity-building fund of Rs 100 crore.

The Social Stock Exchange will be a new segment of existing stock exchanges. Non-profit enterprises and for-profit social enterprises with an explicit social intent and impact will be allowed to list on the Social Stock Exchange.

These entities will be allowed to raise funds from investors through equity, Zero Coupon Zero Principal bonds, Mutual funds, social impact funds and development impact bonds. Entities that would want to raise funds via the social stock exchange will have to register with the same, Sebi said.

Under the new framework, the capital market regulator said that social venture funds will be renamed to social impact funds under SEBI AIF regulations with a minimum corpus requirement reduced to Rs 5 crore from Rs 20 crore earlier.

In terms of auditing of social enterprise, Sebi said that initially only reputed auditing firms having expertise in the area of social audit will be allowed to carry out audits employing social auditors who have certification courses with the National Institute of Securities Management.

Sebi also said that it will in due course of time amend its regulations towards initial and continuous disclosures for social enterprises that will cover aspects of social and financial impact and governance.

Internet Explorer Channel Network
News Related

OTHER NEWS

Matsuyama shines on home soil at Zozo

© Associated Press Hideki Matsuyama is one off the lead after a 64 Hideki Matsuyama was energised by the support from his home fans as he enjoyed another excellent start ... Read more »

Dream.risk.sing review – women's stories told in idiosyncratic song

The Oxford lieder festival has grown since its 2002 inception, with 100-plus events this year: ample room for big names singing the famous song cycles, and a heartening amount of ... Read more »

Not just NatWest: Compliance guru on why money laundering is rampant in the City

© Provided by City AM Over the past few decades, money laundering has become an increasingly prevalent issue. Financial institutions are constantly looking for new ways to fight money launderers, and several anti-money laundering ... Read more »

Jake Paul to train with former Tyson Fury opponent for fight with brother Tommy

Jake Paul has drafted in former cruiserweight world champion Steve Cunningham to help with his preparations for his bout with Tommy Fury. Paul will face Fury, who is the younger ... Read more »

Lorry plunges into Bristol harbour

© LBC / Twitter A lorry has plunged into Bristol harbour – LBC / Twitter A lorry has plunged into Bristol Harbour, with images showing the vehicle nearly upright as ... Read more »

Bill Clinton ‘touched by outpouring of support' as he continues recovery

Former US president Bill Clinton has released a video saying he is on the road to recovery after being admitted to hospital in California for six days to treat an ... Read more »

Billie Eilish Debuts Fragrance In Body Inspired Bottle

© Provided by Lehren Billie Eilish Debuts Fragrance In Body Inspired Bottle The pop star Billie Eilish recently announced that she is set to release her first fragrance, Eilish, calling ... Read more »

Astro talk: 3 Zodiac signs that are secretive

There’s a difference between being private and secretive. While it is good to keep certain things private, what is not is to be secretive all the time. Since this can ... Read more »

Keith Sequeira Shares How Couple Counselling Helped Reignite The Spark In His Marriage

The pandemic has been tough for everyone, especially for couples who are cooped up in their homes for almost two years now. People are struggling to keep up the romance ... Read more »

Amazon has launched a week of early Christmas present deal sales

AMAZON has launched a week of early Christmas present deals and you can get up to 50% off gadgets, beauty products and toys. The online retail giant has launched a ... Read more »

6 long weekends in 2022 after Muis revised Hari Raya dates

SINGAPORE — Mark your calendar for another long weekend in 2022. The changes in the 2022 public holidays calendar come after Singapore Islamic authority Muis revised the two Hari Raya ... Read more »

Southwest Airlines posts smaller loss on strong travel demand

© Reuters/JOE SKIPPER A Southwest Airlines jet sits at a gate at Orlando International Airport in Orlando (Reuters) – Southwest Airlines Co posted a smaller third-quarter loss on Thursday as ... Read more »

Kanton Bern will mit Steuergesetzrevision Solaranlagen fördern

Der Kanton Bern will im Rahmen der Steuergesetzrevision 2024 die Solarkraft fördern. Auf eine allgemeine Steuersenkung verzichtet er. © Foto: Keystone Neu sollen Photovoltaik- und Solarthermieanlagen den Eigenmietwert nicht mehr ... Read more »

Pantech's 2Q net profit rises 42.76% to RM15m, declares one sen dividend

© Provided by The Edge KUALA LUMPUR (Oct 21): Pantech Group Holdings Bhd’s net profit rose 42.76% to RM15.31 million for the second quarter ended Aug 31, 2021 (2QFY22), from ... Read more »

Rival Sudan camps gear up for protests as tensions rise

Supporters of Sudan’s transitional government took to the streets of the capital Thursday as rival demonstrators kept up a sit-in demanding a return to military rule.  © Mujahed Sharaf AL-DEEN ... Read more »

Donald Trump Jr Says Truth Social Will 'cancel Cancel Culture'

Donald Trump Jr has said the new social media network which his father plans to launch will be a platform for people to “assert your First Amendment rights.” © Getty ... Read more »

Man, 30, explains how he saved £20,000 on a £33k salary in 12 months

© Christos Fellas/News Dog Media The former software developer says his perspective on life shifted from over spending to not spending at all A £33,000-a-year worker managed to save up ... Read more »

Crackdown on buy now pay later sector looms as consultation is launched

Buy now pay later (BNPL) borrowing can be like slipping into quicksand, a charity has warned, as the Treasury launched a consultation into bringing the sector under regulation. Products allow ... Read more »

Facebook signs copyright agreement with some French publishers

FILE PHOTO: The Facebook logo is displayed on a mobile phone PARIS (Reuters) – Facebook said on Thursday it had signed an agreement with a French news publishers' lobby group ... Read more »

For Afghan Hazaras, where to pray can be life and death choice

A woman walks past graves at a Hazara cemetery for the Shi’ite community martyrs in a hill on the outskirts of Kabul By Gibran Naiyyar Peshimam KABUL (Reuters) – Each ... Read more »

Illinois man convicted on 2 of 3 counts in parking lot robbery case

Oct. 21—Some question concerning whether Khamarion Smith was brandishing a gun in a robbery a year ago in the parking lot of Northpark Mall kept jurors from finding him guilty ... Read more »

Pendakwaan boleh guna keterangan Rosmah dirakam SPRM

© Provided by Sinar Harian KUALA LUMPUR – Mahkamah Tinggi di sini pada Khamis membenarkan permohonan pendakwaan menggunakan keterangan Datin Seri Rosmah Mansor yang dirakam oleh Suruhanjaya Pencegahan Rasuah Malaysia ... Read more »

6 kluster baharu Covid-19, 3 babit jangkitan komuniti

© Provided by Free Malaysia Today PETALING JAYA: Kementerian Kesihatan (KKM) hari ini memaklumkan enam kluster baharu Covid-19 dilaporkan, kata Ketua Pengarah Kesihatan, Dr Noor Hisham Abdullah. Dalam kenyataan, beliau ... Read more »

PNB committed to raising financial literacy via Minggu Saham Digital

© Provided by The Edge KUALA LUMPUR (Oct 21): Permodalan Nasional Bhd (PNB) president and group chief executive Ahmad Zulqarnain Onn said on Thursday (Oct 21) the Malaysian government-owned fund ... Read more »

10 kenderaan parkir di bahu jalan dirempuh lori

© Provided by Sinar Harian PUTRAJAYA – Sebanyak 10 buah kenderaan yang diparkir di kawasan belakang Parcel E, Kompleks Kerajaan dekat sini mengalami kerosakan selepas dirempuh sebuah lori pada Khamis. ... Read more »

REHDA: Only 39% of 11,601 total units launched in 1H21 sold

© Provided by The Edge KUALA LUMPUR (Oct 21): The Real Estate and Housing Developers’ Association Malaysia (REHDA) Property Industry Survey 1H2021 revealed that the local property market saw declines ... Read more »

FPDA tumpu keselamatan siber, peperangan teknologi tinggi

© Provided by Sinar Harian KUALA LUMPUR – Perjanjian Pertahanan Lima Negara (FPDA) mencapai kata sepakat untuk memberi penekanan kepada keselamatan siber dan peperangan berteknologi tinggi menerusi Persidangan Menteri Pertahanan ... Read more »

Hundreds more evacuated as volcano lava moves further into La Palma town

Hundreds of people have been evacuated during the night on the Spanish island of La Palma as a river of molten rock crept deeper into a coastal town during a ... Read more »

Construction group Ageson to sell portion of industrial land in Perak for RM279m

© Provided by The Edge KUALA LUMPUR (Oct 21): Construction company Ageson Bhd is selling a piece of industrial land measuring approximately 168 acres in Batang Padang, Perak for a ... Read more »

US import ban expected to have significant impact on Supermax's earnings, say analysts

© Provided by The Edge KUALA LUMPUR (Oct 21): The US Customs and Border Protection’s (CBP) move to ban imports from glove maker Supermax Corp Bhd over alleged forced labour ... Read more »

6,210 Covid-19 cases, 7,562 recoveries

© Provided by Free Malaysia Today PETALING JAYA: The health ministry has reported 6,210 Covid-19 cases in the past 24 hours. In a statement, health director-general Dr Noor Hisham Abdullah ... Read more »

Shopee berhenti letak nombor telefon pada bungkusan, elak di salah guna

Bermula pada 21 Oktober 2021, platform e-dagang Shopee mengumumkan bahawa nombor telefon pelanggan tidak akan disertakan lagi pada Air Waybills J&T Express dan Ninja Van. Hal ini bagi memastikan keselamatan ... Read more »

Material and labour cost tops list of factors affecting developers' cash flow in 1H21 — REHDA

© Provided by The Edge KUALA LUMPUR (Oct 21): Developers have cited material and labour as the top cost component that affected their cash flow in the first half of ... Read more »

Far Cry 6: How to get the Toxic Influence achievement/trophy

© Provided by GamePur This Far Cry 6 trophy guide will show you the best way to get the Toxic Influence achievement/trophy. The most important piece of equipment for this ... Read more »

Vitrox's 3Q net profit gains 42% to RM42m, in tandem with revenue increase

© Provided by The Edge KUALA LUMPUR (Oct 21): Vitrox Corporation Bhd saw its net profit for the third quarter ended Sept 30, 2021 (3QFY21) increased by 42% to RM42.21 ... Read more »

Honkai Impact 3rd update v5.2 patch notes – Infinite Future

© Provided by GamePur Honkai Impact 3rd’s v5.2 update arrives today, and miHoYo has released full patch notes for the update. The update will bring a new chapter and two ... Read more »

AirAsia X tawar 0.5%, selesai hutang RM600 juta kepada penumpang, ejen

© Provided by Free Malaysia Today AirAsia X berkata penstrukturan semula hutang perlu untuk memperoleh dana dan mengemas kini modelnya demi bertahan dan terus berkembang bagi jangka panjang. PETALING JAYA: ... Read more »

8 Nigerian nationals accused of online dating scam are flight risks, says State

© SAPS/facebook.com A gavel. CAPE TOWN – The State has argued that the eight Nigerian men accused of running an internet romance scam were flight risks. They appeared in the ... Read more »

Bursa says no immediate plans to launch cryptocurrency-based derivatives products

© Provided by The Edge KUALA LUMPUR (Oct 21): Bursa Malaysia Bhd said on Thursday (Oct 21) the bourse regulator and operator does not have any immediate plans to launch ... Read more »

Rule-of-law row with Poland set to dominate EU leaders' summit

© Provided by dw.com Poland and the EU have long been at loggerheads over democratic and rule-of-law principles A summit of European Union leaders starting on Thursday that was originally ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic