SEBI sets up panel to create SSE

SEBI sets up panel to create SSE

Capital market regulator Securities and Exchange Board of India (SEBI) set up a high-level panel to suggest possible structures and regulations create Social Stock Exchanges (SSE). The move comes after the budget announcement of the Finance Minister Nirmala Sitharaman in July about setting up such exchanges to take the capital markets closer to the masses and meet various social welfare objectives.


The creation of Social Stock Exchanges (SSE) aims to facilitate listing and fund-raising by social enterprises and voluntary organizations. It will also raise capital as equity, debt or as units like a mutual fund.

Roles and duties of the committee:

The working group has been asked to examine and make recommendations with respect to possible structures and mechanisms within the securities market domain. This will facilitate the raising of funds by social enterprises and voluntary organizations.

Committee members:
  • SEBI plans to constitute a 15-member working group which will be headed by Ishaat Hussain, Director at SBI Foundation and former Finance Director at Tata Sons.
  • The members of the committee include:
  • T V Mohandas Pai, Chairman of Manipal Global Education and former director of Infosys
  • Roopa Kudva of Omidyar Network India
  • Amit Chandra of Bain Capital
  • Saurabh Garg, Principal Secretary to Odisha government
  • Shamika Ravi, Brookings India Director of Research and member of PM's Economic Advisory Council
  • Vineet Rai of Aavishkaar Venture
  • Girish G Sohani of BAIF Development Research Foundation
  • Other members will include representatives from the Ministry of Corporate Affairs, Department of Economic Affairs, BSE and NSE. Also, three members of SEBI officials will also be on the panel, including one as the Convener.

Related Posts

Post a Comment

Subscribe Our Newsletter