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{"id":219980,"date":"2019-09-25T17:30:08","date_gmt":"2019-09-25T12:00:08","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=219980"},"modified":"2019-09-25T16:19:40","modified_gmt":"2019-09-25T10:49:40","slug":"sebi-constitutes-working-group-on-social-stock-exchanges-sse","status":"publish","type":"post","link":"https:\/\/blog.scconline.gen.in\/post\/2019\/09\/25\/sebi-constitutes-working-group-on-social-stock-exchanges-sse\/","title":{"rendered":"SEBI constitutes working group on \u2018Social Stock Exchanges\u2019 (SSE)"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

The Hon\u2019ble Finance Minister as part of the Budget Speech for FY 2019-20 had proposed to initiate steps towards creating a social stock exchange, under the regulatory ambit of Securities and Exchange Board of India, for listing social enterprise and voluntary organizations.<\/p>\n

Pursuant to initial discussions with various stakeholders, SEBI has decided to constitute a working group under the Chairmanship of Shri Ishaat Hussain (Director, SBI Foundation; Ex-Director (Finance) Tata Sons Limited). The other members of the working group shall be:<\/p>\n

i.<\/strong> Shri TV Mohandas Pai, Chairman of Manipal Global Education; Ex-Director (Infosys)
\nii.<\/strong> Ms. Roopa Kudva, MD, Omidyar Network India
\niii.<\/strong> Shri Amit Chandra, Chairman, Bain Capital (Private Equity firm); noted philanthropist
\niv.<\/strong> Dr. Saurabh Garg, Principal Secretary to Government of Odisha
\nv.<\/strong> Dr. Shamika Ravi, Director of Research, Brookings India; Member, PM\u2019s Economic Advisory Council
\nvi.<\/strong> Shri Vineet Rai, – Founder and MD, Aavishkaar Venture Management Services Private Limited
\nvii<\/strong>. Representative from Ministry of Corporate Affairs
\nviii<\/strong>. Representative from Department of Economic Affairs
\nix.<\/strong> Shri Hemant Gupta, MD &CEO, BSE Samman
\nx.<\/strong> Representative from NSE
\nxi.<\/strong> Shri Girish G. Sohani, President, BAIF Development Research Foundation
\nxii.<\/strong> Shri Amarjeet Singh, Executive Director (SEBI)
\nxiii.<\/strong> Ms. Ruchi Chojer, CGM (SEBI)
\nxiv.<\/strong> Shri Jeevan Sonparote, CGM (SEBI) – Convener<\/p>\n

The working group shall examine and make recommendations with respect to possible structures and mechanisms, within the securities market domain, to facilitate the raising of funds by social enterprises and voluntary organizations.<\/p>\n


\n

Securities Exchange Board of India<\/strong><\/p>\n

[Press Release dt. 19-09-2019]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Hon\u2019ble Finance Minister as part of the Budget Speech for FY 2019-20 had proposed to initiate steps towards creating a social <\/p>\n","protected":false},"author":8808,"featured_media":212047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[2563,37728],"class_list":["post-219980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-SEBI","tag-social-stock-exchanges"],"yoast_head":"\nSEBI constitutes working group on \u2018Social Stock Exchanges\u2019 (SSE) | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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