Sebi’s technical group (TG) on social stock exchanges (SSEs) has recommended that corporate foundations, political and religious organisations should be made ineligible to raise funds using the SSE mechanism.
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Political, religious firms not allowed on social stock exchange: Sebi panel
Recommends creation of capacity building fund of Rs 100 cr
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The panel says both for-profit (FP) and not-for-profit organisations (NPO) should be allowed to tap the SSE provided they are able to demonstrate that social intent and impact.
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