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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSDL - Reiteration SEBI Circular regarding Framework on Social Stock Exchange

22-Sep-2025 | NSDL/POLICY/2025/0125

NSDL has reiterated the SEBI circular regarding the Framework on Social Stock Exchange, effective from 22 September 2025.

Key Highlights of the Framework are as follows:

1. Eligibility for Registration: A charitable trust registered under the Public Trust Statute of the relevant State, or a charitable society registered under the Societies Registration Act of the relevant State, meeting the prescribed eligibility requirements, is now eligible for registration with the Social Stock Exchange (SSE) as per Regulation 292F of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

2. Annual Disclosures: The content requirements for annual disclosures on the SSE have been specified. These cover general aspects, governance aspects, and financial aspects, including details such as the organisation's outreach, information on the top five programs during the disclosure period, reporting of related party transactions, etc.

3. Social Enterprises that have raised funds through the SSE are now required to submit a duly assessed Annual Impact Report (AIR) to the SSE by October 31st of each year or before the due date for filing the income tax return under the Income Tax Act, 1961, whichever is later. Previously, all Social Enterprises were required to submit the AIR within 90 days from the end of the financial year.

4. Assessment of AIR: The AIR will now be assessed by Social Impact Assessors, replacing the earlier requirement of audit by Social Auditors.

Kindly refer to the attached document for more information.

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