Securities and Exchange Board of India

PR No. 21/2019

SEBI constitutes working group on ‘Social Stock Exchanges’ (SSE)

The Hon’ble 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.

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:

i. Shri TV Mohandas Pai, Chairman of Manipal Global Education; Ex-Director (Infosys)

ii. Roopa Kudva, MD, Omidyar Network India

iii. Shri Amit Chandra, Chairman, Bain Capital (Private Equity firm); noted philanthropist

iv. Saurabh Garg, Principal Secretary to Government of Odisha

v. Shamika Ravi, Director of Research, Brookings India; Member, PM’s Economic Advisory Council

vi. Shri Vineet Rai, – Founder and MD, Aavishkaar Venture Management Services Private Limited

vii. Representative from Ministry of Corporate Affairs

viii. Representative from Department of Economic Affairs

ix. Shri Hemant Gupta, MD &CEO, BSE Samman

x. Representative from NSE

xi. Shri Girish G. Sohani, President, BAIF Development Research Foundation

xii. Shri Amarjeet Singh, Executive Director (SEBI)

xiii. Ruchi Chojer, CGM (SEBI)

xiv. Shri Jeevan Sonparote, CGM (SEBI) – Convener

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

Mumbai

September 19, 2019

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