Sebi asks social enterprises to submit impact report for FY24 by Oct-end
Capital markets regulator Sebi on Monday asked social enterprises, which have registered or mobilised funds through social stock exchange (SSE), to submit an 'annual impact report' for the financial year 2023-24 to such bourse by October-end. The annual impact report to SSE captures the qualitative and quantitative aspects of the social impact generated by the social enterprise. In case a Not for Profit Organization (NPO) is only registered without listing any security, such report is required to cover the NPO's significant activities, intervention, and programmes, among others. "Social enterprises which have registered or raised funds through SSE shall be required to submit Annual Impact Report to SSE by October 31, 2024 for the Financial Year 2023-24," Sebi said in a circular. In September 2023, Sebi asked social enterprises raising funds using SSE to disclose the annual impact report within 90 days from the end of financial year. With an aim to assess the impact created by socia
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