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Home STOCKS Social inventory trade report: Sebi extends deadline for feedback until July 15

Social inventory trade report: Sebi extends deadline for feedback until July 15

New Delhi: Marketplaces regulator Sebi on Monday prolonged the deadline till July 15 for general public reviews on a report regarding social inventory exchange and enabling immediate listing of non-profit organisations.
A Sebi-appointed panel on social stock exchanges had submitted its report to the watchdog.
“In perspective of the requests trying to find extension of timeline for submission of responses due to COVID-19 pandemic, it has been made the decision to extend the timeline for trying to find general public reviews to July 15, 2020,” Sebi explained in detect.
The initial deadline for public reviews was June 30.
Social Stock Exchange (SSE) is a novel idea in the nation and this sort of a bourse is meant to serve non-public and non-profit sector companies by channelling bigger capital to them.
The doing work group was established up by Sebi in September 2019 below the chairmanship of Ishaat Hussain, Director at SBI Foundation and former Finance Director at Tata Sons. The team advised attainable structures and rules for producing SSE to facilitate listing and fund-boosting by social enterprises as effectively as voluntary organisations.
Direct listing of non-profit organisations via the issuance of bonds and a range of funding mechanisms, which involve some of the existing mechanisms these kinds of as Social Enterprise Money (SVFs) beneath the Choice Investment Funds, have been encouraged by the panel.
A new least reporting typical has also been proposed for organisations, which would increase cash below SSE.
The SSE can be housed in just the current inventory trade these kinds of as the BSE and/or Nationwide Inventory Exchange (NSE). This would aid the SSE leverage the current infrastructure and client associations of the exchanges to onboard traders, donors, and social enterprises (for-profit and non-profit), as per the report.

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