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Minimum requirements for registration of a NPO on Social Stock Exchange (SSE)

SEBI has specified the minimum requirements for registration of an NPO on SSE in his circular dated 19th September, 2022, of which, the main requirements are as under:

Broad Parameter Indicator Details
Entity is registered as an NPO Registration certificate valid at least for next 12 months at the time of seeking registration with SSE Entities must be registered in
India as one of the Laws specified above in the definition of Social Enterprises under regulation 292A(e).
Ownership and control Governing document (MoA & AoA/ Trust Deed/ Bye laws/ Constitution) Disclose if NPO is owned and/or controlled by government or private
Exemption under Income Tax Act Registration Certificate under section
12A/12AA/12AB under Income Tax Act, 1961
Registration Certificate under section 12A/12AA/12AB to be valid for at least the next 12 months. Does not have a notice or ongoing scrutiny by Income Tax.
Registration with Income Tax as an NPO IT PAN Valid IT PAN
Age of the NPO Registration certificate Minimum 3 years
Deduction under Income Tax Act, 1960 Valid 80G registration under Income Tax Act, 1961. Entity to ensure whether tax deduction is available or not to investors.
Eligible to be Social Enterprise Requirements with Regulation 292E of ICDR
Regulations
As specified above under regulation 292A(e)/(c)
Annual Spending in the past financial year Receipts or Payments from Audited accounts/ Fund Flow Statement Must be at least Rs. 50 lakhs
Funding in the past financial year Receipts from Audited accounts/ Fund Flow
Statement
Must be at least Rs. 10 lakhs

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