India, Jan. 30 -- It will be set up under the regulatory ambit ofthe Securities and Exchange Board of India

The Economic Survey released by the Union Ministry of Finance on January 29, 2021 highlighted the concept of setting up a social stock exchange (SSE) in India for raising capital by orgnanisations working for the realisation of a social welfare objective. It will be under the regulatory ambit of the Securities and Exchange Board of India (SEBI), the survey said.

"SEBI constituted a working group (WG) on social stock exchanges in September 2019. The WG submitted the report on June 1, 2020. It outlined its vision and made recommendations, which include participation of non-profit organisations (NPO) and for-profit enterprises (FPE) ...