During her Union Budget speech of 2019-20, Finance Minister Nirmala Sitharaman proposed the creation of a Social Stock Exchange under the regulatory ambit of SEBI (Securities and Exchange Board of India) to enable social enterprises and voluntary organizations to raise capital through equity, debt, or units similar to a mutual fund (MF). Later, on July 15, 2022, the government invoked The Securities Contracts (Regulation) Act, 1956 and published a gazette notification introducing a new security named “zero coupon zero principal.”
On July 25, 2022, Securities and Exchange Board of India (SEBI) amended the ICDR Regulations, LODR Regulations, and AIF Regulations to provide a comprehensive framework for the Social Stock Exchange.
Subsequently, on December 27, 2022, BSE received final approval from SEBI to establish the social stock exchange as a separate segment. In February 2023, NSE also obtained approval from SEBI to launch a Social Stock Exchange as a separate segment.
We are pleased to announce an upcoming webinar on “Fund Raising by Social Stock Exchange” to be held on Tuesday, 25th April 2023 at 4 pm onwards. The webinar will feature a keynote speech by Sir CA Amit Kumar Kedia, a renowned expert in the field of social enterprise and fundraising.
If you are a social enterprise and interested in raising funds, this webinar is a great opportunity to learn about investor options, benefits available under Income Tax Act, and additional requirements.
The webinar clarification, you may contact CA Amit Kumar Kedia, and for queries, also contact on Whatsapp number at +91- 9929540439