Sebi forms technical committee on social stock exchange under the chairmanship of Harsh Kumar Bhanwala

SEBI has constituted a Technical group on the social stock exchange (SSE) to develop a framework for onboarding non-profit organisations (NPO) and for-profit enterprises (FPE) on SSE.
The technical group would be chaired by former chairman of NABARD, Harsh Kumar Bhanwala.
The committee would be required to:
- define for profit social investing /enterprises,
- prescribe disclosure requirements relating to financials, governance, performance etc.
- dwell upon aspects related to social impact, social audit, information repositories etc.
Other member of the committee includes:
- Ms. Roopa Kudva – MD, Omidyar Network India (Social Impact Investor; part of Omidyar Group)
- Shri Shaji Krishnan V – Deputy Managing Director, NABARD
- Dr. Sanjeev Singhal – (Chairman, Sustainability Reporting Standards Board, ICAI)
- Ms. Ingrid Srinath – Founder Director, Centre for Social Impact and Philanthropy, Ashoka University
- Ms. Pushpa Aman Singh – CEO, Guidestar
- Shri Santhosh Jayaram – Partner and Head- Sustainability and CSR Advisory, KPMG
- Shri Ved Arya – (Founder, Srijan and RCRC)
- Shri Matthew Cherian – (Global Ambassador and Ex-Chief Executive, Help Age India)
- BSE Representative
- NSE Representative
- Shri Amarjeet Singh – Executive Director (SEBI)
- Shri Jeevan Sonparote – CGM (SEBI) – Convener

About social stock exchange (SSE)

The Social Stock Exchange (SSE) was proposed by Indian Finance Minister Nirmala Sitharaman in July 2019 Budget Speech for social enterprises and voluntary organisations to help them raise capital through debt, equity and mutual funds.
An SSE will allow the listing of non-profit or non-government organisations on stock exchanges and provide them with an alternative fund-raising structure.

Points to Remember:

Who is the head of the technical committee formed by SEBI on social stock exchange