{"id":24310,"date":"2023-03-24T23:16:18","date_gmt":"2023-03-24T17:46:18","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=24310"},"modified":"2023-12-14T17:42:40","modified_gmt":"2023-12-14T12:12:40","slug":"social-stock-exchange","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/social-stock-exchange\/","title":{"rendered":"Social Stock Exchange concept developed by SEBI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d0706db88a1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d0706db88a1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#SEBI_recently_developed_the_concept_of_Social_Stock_Exchange\" title=\"SEBI recently developed the concept of Social Stock Exchange.\">SEBI recently developed the concept of Social Stock Exchange.<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#Social_Auditor\" title=\"Social Auditor\">Social Auditor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#Institute_of_Social_Auditors_of_India_is_a_Self-regulatory_organization\" title=\"Institute of Social Auditors of India is a Self-regulatory organization.\">Institute of Social Auditors of India is a Self-regulatory organization.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#What_is_the_meaning_of_Social_Audit\" title=\"What is the meaning of Social Audit? \u00a0\">What is the meaning of Social Audit? \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#What_are_the_eligibility_conditions_to_take_up_Social_audit_professional_Certification\" title=\"What are the eligibility conditions to take up Social audit professional Certification? \">What are the eligibility conditions to take up Social audit professional Certification? <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#ICAI_setting_up_%E2%80%98Institute_of_Social_Auditors_of_India_ISAI_known_as_SRO\" title=\"ICAI setting up \u2018Institute of Social Auditors of India (ISAI)\u2019, known as SRO\">ICAI setting up \u2018Institute of Social Auditors of India (ISAI)\u2019, known as SRO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/social-stock-exchange\/#SGBS_Unnati_Foundation_First_to_list_on_Social_Stock_Exchange\" title=\"SGBS Unnati Foundation , First to list on Social Stock Exchange\u00a0\">SGBS Unnati Foundation , First to list on Social Stock Exchange\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24314\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/SEBI-recently-developed-the-concept-of-Social-Stock-Exchange..jpg\" alt=\"SEBI recently developed the concept of Social Stock Exchange.\" width=\"881\" height=\"625\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/SEBI-recently-developed-the-concept-of-Social-Stock-Exchange..jpg 620w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/SEBI-recently-developed-the-concept-of-Social-Stock-Exchange.-300x213.jpg 300w\" sizes=\"(max-width: 881px) 100vw, 881px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"SEBI_recently_developed_the_concept_of_Social_Stock_Exchange\"><\/span><span style=\"color: #000080;\"><strong>SEBI recently developed the concept of Social Stock Exchange.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange, that can help Social Enterprise(s) to introduce funds from general public via stock exchange system. Social Stock Exchange will act as a medium between fund providers &amp; Social Enterprises and that can support them to select such kind of organizations which are making measurable social impact and reporting of such kind of social impact.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Social_Auditor\"><\/span><span style=\"color: #000080;\"><strong>Social Auditor<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, \u201cSocial Auditor\u201d means an person registered with a self-regulatory organization under the Institute of Chartered Accountants of India or such other agency, as may be prescribed by Securities and Exchange Board of India, who holds a valid Social audit professional Certification offered by National Institute of Securities Market.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Institute_of_Social_Auditors_of_India_is_a_Self-regulatory_organization\"><\/span><span style=\"color: #000080;\"><strong>Institute of Social Auditors of India is a Self-regulatory organization.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Institute of Social Auditors of India has been established with the main goal of establishing itself as a leading institution for the regulation &amp; development of Social Auditors in a independent, transparent &amp; public interest manner.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_meaning_of_Social_Audit\"><\/span><span style=\"color: #000080;\"><strong>What is the meaning of Social Audit? \u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Concept of Social Audit refers to basic social impact evaluation &amp; assessment of a program\/project executed by Social Enterprises via an complete independent examination by Social audit professional who is a certified.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_eligibility_conditions_to_take_up_Social_audit_professional_Certification\"><\/span><span style=\"color: #000080;\"><strong>What are the eligibility conditions to take up Social audit professional Certification? <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Financial auditors(Like Statutory, internal Auditors or forensic auditors) can full fill the Eligibility conditions for social auditors whom auditors have successfully completed a course at the National Institute of Securities Markets(NISM) &amp; received a certified Social audit professional Certification of completion.<\/p>\n<p>Other person who wishes to be become as social auditors than they required to be have at least one eligibility conditions mentioned here under:<\/p>\n<ul>\n<li>Successfully Complete the National Institute of Securities Market certificate course or<\/li>\n<li>Graduates from universities recognized by University Grants Commission with six years minimum of Social experience in the development sector, or<\/li>\n<li>Post-graduates from universities recognized by the University Grants Commission with three years minimum of experience in the Social development sector, or<\/li>\n<li>Qualified CMA or any other persons with suitable accreditations with 6 years of minimum experience in the Social development sector. or<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"ICAI_setting_up_%E2%80%98Institute_of_Social_Auditors_of_India_ISAI_known_as_SRO\"><\/span><span style=\"color: #000080;\"><strong>ICAI setting up \u2018Institute of Social Auditors of India (ISAI)\u2019, known as SRO<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The Institute of Chartered Accountants of India has set up a \u2018Self-Regulatory Organization in the named as the \u2018Institute of Social Auditors of India \u2019 for the objective of capacity building of \u2018social auditors\u2019 in same line with \u2018social stock exchange\u2019 requirements notified by the Securities and Exchange Board of India on 25\/07\/2022.<\/li>\n<li>Institute of Social Auditors of India will be a leading institution for the development of an ethical, independent &amp; certified profession of social auditors, catering to the specific requirement &amp; expectations of stakeholders. Institute of Social Auditors of India will regulate &amp; monitor functioning of social auditors under the social stock exchanges system &amp; mechanism notified by Securities and Exchange Board of India.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>ICAI is proposed to be set up as a Section 8 Co under the aegis of ICAI.<\/strong><\/span><\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24311\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/India-Social-Stock-Exchange.png\" alt=\"India-Social-Stock-Exchange\" width=\"775\" height=\"391\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/India-Social-Stock-Exchange.png 775w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/India-Social-Stock-Exchange-300x151.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/India-Social-Stock-Exchange-768x387.png 768w\" sizes=\"(max-width: 775px) 100vw, 775px\" \/><\/h2>\n<ul>\n<li>Securities and Exchange Board of India announced recently Regulations for capital raising by \u2018Social Enterprises\u2019 (both \u2018not for profit\u2019 &amp; \u2018for profit\u2019) at \u2018Social Stock Exchange\u2019 in India.<\/li>\n<li>Accordingly, Securities and Exchange Board of India has come up with a new class of auditors, i.e. \u2018Social Auditor\u2019, for conducting audit of the projects, initiatives, and activities of social businesses or projects\/ programs\/ activities of social enterprises. As per Securities and Exchange Board of India notification, a \u2018social auditor\u2018 is defined as an \u2018individual registered with a self-regulatory organization (SRO) under the Institute of Chartered Accounts of India (ICAI)\u2018.<\/li>\n<li>To pursue the role of a social auditor, an individual must complete the certification program to be conducted by the\u00a0NISM\u00a0and hold a valid certificate. So a non Qualified chartered accountant person can also become a social auditor by study above certification.<\/li>\n<li>The study guideline and course curriculum for the certification programme for social auditors are being developed in close collaboration between the Institute of Chartered Accountants of India and the National Institute of Securities Market.<\/li>\n<li>Formation of a Self-Regulatory Organization (SRO) for the Social Stock Market was announced by the Institute of Chartered Accountants of India on August 29, 2022.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24312\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/Social-Stock-Exchange.jpg\" alt=\"Social Stock Exchange\" width=\"914\" height=\"514\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/Social-Stock-Exchange.jpg 601w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/Social-Stock-Exchange-300x169.jpg 300w\" sizes=\"(max-width: 914px) 100vw, 914px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SGBS_Unnati_Foundation_First_to_list_on_Social_Stock_Exchange\"><\/span><span style=\"color: #000080;\">SGBS Unnati Foundation , First to list on Social Stock Exchange\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-25763\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-12-14-at-8.20.10-AM.jpeg\" alt=\"SSE\" width=\"945\" height=\"754\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-12-14-at-8.20.10-AM.jpeg 790w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-12-14-at-8.20.10-AM-300x239.jpeg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-12-14-at-8.20.10-AM-768x612.jpeg 768w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI recently developed the concept of Social Stock Exchange. Social Stock Exchange (SSE) is a separate segment of the existing Stock Exchange, that can help Social Enterprise(s) to introduce funds from general public via stock exchange system. Social Stock Exchange will act as a medium between fund providers &amp; Social Enterprises and that can support &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10021,10092,5447],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24310"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=24310"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24310\/revisions"}],"predecessor-version":[{"id":25765,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/24310\/revisions\/25765"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=24310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=24310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=24310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}