ISHAAT HUSSAIN WORKING GROUP

Sept. 22, 2019

The Securities and Exchange Board of India (Sebi) has constituted a working group on Social Stock Exchanges (SSE).

About:

  • Composition: The working group has been constituted under the chairmanship of Ishaat Hussain, Director, SBI Foundation.

  • Mandate: 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.

  • Background: In Budget in July, Finance Minister Nirmala Sitharaman proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund.