Social Stock Exchange – A detailed framework issued by SEBI

This KPMG report provides a detailed overview of the framework for India’s Social Stock Exchange (SSE) issued by SEBI in 2022. It outlines the minimum requirements for Not-for-Profit Organizations (NPOs) seeking registration or listing, including eligibility criteria, years in existence, ownership disclosure, and minimum fund flows. The framework also addresses For-Profit Social Enterprises (FPSEs) and the issuance of Zero Coupon Zero Principal (ZCZP) instruments, aiming to create a regulated platform for social enterprises to raise capital.