The Global Social Impact Investment Steering Group (GSG) was established in August 2015 as the successor to the Social Impact Investment Taskforce, established by G8. The GSG is continuing the work of the Taskforce in catalysing a global social impact investment market across a wider membership. Its members include 13 countries plus the EU, as well as active observers from government and from leading network organisations supportive of impact investment.
Across the world, attitudes are changing. Old certainties about tightly defined roles for government, civil society and business are dissolving. Social sector organisations are becoming more business-like, and business is looking ever more to delivering sustainable value.
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Corporate Social Responsibility - FiinovationFiinovation
Fiinovation understands evolution of industries leads to organized economies. Gradually, the focus of the corporations shifted from a demand-supply relationship to marketing themselves among the target audience in order to sustain them among increased competition. Fiinovation believes the consumers in advancing economies entrust a brand which contributes towards improvement of their society.
1) Social investment is an important tool that government departments can use to finance new approaches to tackling social problems and achieve policy objectives. It can help support innovation and reduce long-term public funding requirements.
2) The document provides examples of how social investment has been used to support homelessness services, dementia care, and community organizations. It also outlines some common social investment models like social impact bonds.
3) Government has established funds and organizations to promote social investment, including Big Society Capital, the Investment and Contract Readiness Fund, and the Social Incubator Fund. These aim to increase capital available for social investment and build the capacity of social sector organizations.
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
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Starting a Section 8 Microfinance Company Registration can be a rewarding endeavor, as it enables you to make a positive impact on the community by providing financial services to the underserved. However, one of the crucial steps in this process is obtaining the necessary funding to kickstart and sustain your operations. In this article, we will explore various funding options available for Section 8 Microfinance Companies.
The Global Social Impact Investment Steering Group (GSG) was established in August 2015 as the successor to the Social Impact Investment Taskforce, established by G8. The GSG is continuing the work of the Taskforce in catalysing a global social impact investment market across a wider membership. Its members include 13 countries plus the EU, as well as active observers from government and from leading network organisations supportive of impact investment.
Across the world, attitudes are changing. Old certainties about tightly defined roles for government, civil society and business are dissolving. Social sector organisations are becoming more business-like, and business is looking ever more to delivering sustainable value.
Article on Corporate Social Responsibility - an insightFCS BHAVIK GALA
This document provides an overview of Corporate Social Responsibility (CSR) in India. It discusses how CSR has evolved from traditional philanthropic activities to become more strategic and linked to business. The Companies Act of 2013 introduced mandatory CSR requirements for large companies in India. It outlines the activities considered eligible for CSR spending under Schedule VII of the Act, such as education, healthcare, environment, and more. The document also discusses the applicability of CSR requirements to companies, constitution of CSR committees, development of CSR policies and programs, and relevant tax benefits.
Corporate Social Responsibility - FiinovationFiinovation
Fiinovation understands evolution of industries leads to organized economies. Gradually, the focus of the corporations shifted from a demand-supply relationship to marketing themselves among the target audience in order to sustain them among increased competition. Fiinovation believes the consumers in advancing economies entrust a brand which contributes towards improvement of their society.
1) Social investment is an important tool that government departments can use to finance new approaches to tackling social problems and achieve policy objectives. It can help support innovation and reduce long-term public funding requirements.
2) The document provides examples of how social investment has been used to support homelessness services, dementia care, and community organizations. It also outlines some common social investment models like social impact bonds.
3) Government has established funds and organizations to promote social investment, including Big Society Capital, the Investment and Contract Readiness Fund, and the Social Incubator Fund. These aim to increase capital available for social investment and build the capacity of social sector organizations.
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
Section 8 Microfinance Company Registration: Funding OptionsVakilkaro
Starting a Section 8 Microfinance Company Registration can be a rewarding endeavor, as it enables you to make a positive impact on the community by providing financial services to the underserved. However, one of the crucial steps in this process is obtaining the necessary funding to kickstart and sustain your operations. In this article, we will explore various funding options available for Section 8 Microfinance Companies.
The Social Stock Exchange provides a public market for impact businesses to raise capital. In 2016, the Social Stock Exchange had 36 member organizations with a total market capitalization of £2.3 billion. The number of members more than doubled in 2015 and new Social Company Advisers were added. The Social Stock Exchange aims to increase access to capital for organizations addressing social and environmental issues and provide impact investors opportunities to support such enterprises.
This document provides information on social commercial entrepreneurship. It defines social entrepreneurship and compares it to traditional entrepreneurship. Social entrepreneurship aims to create social value rather than profit alone. The document outlines key principles of social entrepreneurship such as having a social mission and involving stakeholders. It also discusses the characteristics of successful social entrepreneurs, including innovation, leadership, and persistence. Finally, it provides details on relevant EU and national legislation regarding social entrepreneurship.
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Developing a strategic framework and Center of Excellence (CoE) to create / promote the world's first Islamic Social Stock Exchange with the leadership of Sponsor(s)...
Corporate Social Responsibility (CSR) in India has traditionally been seen as philanthropic activities by corporations. The Companies Act of 2013 introduced the concept of CSR to the forefront and mandates transparency and disclosure of CSR activities. It defines CSR as activities related to education, healthcare, environment sustainability, and more. The Act also outlines requirements around budget allocation for CSR activities and management through a CSR committee. The Confederation of Indian Industry published a handbook to guide companies on developing CSR strategies and implementing effective programs aligned with the Companies Act.
This document discusses social entrepreneurship and social enterprises. It begins by providing context on the modern history of civil society in Egypt and the evolution of approaches from relief to corporate social responsibility. It then defines social entrepreneurship as applying innovative solutions to social problems, outlines the characteristics of social entrepreneurs and social enterprises, and describes three common types of social enterprises - leveraged non-profits, hybrid non-profits, and social business ventures. Finally, it discusses several institutions that make up social capital markets, such as value banks, social investment advisers, social stock exchanges, social investment funds, rating agencies, and funding platforms.
The document discusses Corporate Social Responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities for social good that companies are required to undertake. The key requirements are that companies meeting certain profit thresholds must spend 2% of their net profits on CSR activities related to issues like poverty, healthcare, education, and environment sustainability. The document provides guidance on forming a CSR committee and policy, eligible CSR activities, and how higher education institutions can utilize CSR funds.
The document discusses corporate social responsibility (CSR) in India as mandated by the Companies Act of 2013. Some key points:
- India was the first country to mandate that companies spend 2% of their net profits on CSR activities. This applies to companies with over 500 crore net worth or 1000 crore turnover.
- Eligible CSR activities include eradicating hunger, promoting education, gender equality, and environmental sustainability.
- Companies must form a CSR committee and develop a CSR policy. They must report on CSR initiatives annually.
- The Act aims to promote greater transparency around companies' social and environmental impacts. A minimum of 6000 companies will need to undertake CSR projects to comply.
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Based on my long-standing experience as impact investor in India I would like to suggest that Official Development Assistance (ODA) coming into the country is disbursed more strongly towards capacity building (training, education) and supporting the incubation of viable social enterprises and inclusive businesses catering to the “Base-of-the-Pyramid”. Investing into this area of the Indian economy would not only help alleviate to poverty and at least partly solve some of the grave environmental problems the country is facing. Such an initiative could also help India’s corporate sector become more engaged in creating and scaling innovative solutions in the areas of technology or financial services that could open up new markets for them.
The Financial Environment in Public sector of Pakistan, Give a theoretical background of the topic and then analyze its practical application in an organization selected by you.
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Conscientious Self Regulatory Organizations (CSROs) are proposed to function like stock exchanges but for non-profits, allowing them to raise funds efficiently while providing donors a reasonable financial return and increased social impact. A CSRO would provide transparency and analytics on non-profit projects and performance. This would reduce costs for non-profits to raise capital and give donors confidence to invest. Hypothetically, a school teacher uses a CSRO to purchase bonds funding an environmental non-profit's new community center, receiving a small annual return while supporting her cause.
Conscientious Self Regulatory Organizations (CSROs) are proposed to function like stock exchanges but for non-profits, allowing them to raise funds efficiently while providing donors a reasonable financial return and increased social impact. A CSRO would provide transparency and analytics on non-profit projects and performance. This would reduce costs for non-profits to raise capital and give donors confidence to invest. Hypothetically, a school teacher uses a CSRO to purchase bonds funding an environmental non-profit's new community center, receiving a small annual return while supporting her cause.
Corporate social responsibility an opportunity to improve the status of soc...CA. (Dr.) Rajkumar Adukia
This article will provide us the overall idea about corporate social responsibility from root level to top level. The main motive behind the formation of this concept is the economic contribution of companies to society
Corporate Social Responsibility, CSR amendments under the Companies (Amendment) Act, 2019, Benefits of CSR, Management of Socially Responsible Business, Pyramid of CSR, Economic Responsibility, Legal Responsibility
Ethical Responsibility, Philanthropic Responsibility, discretionary responsibility, Section 135 and Schedule VII of Companies Act, Entries in Schedule VII, Types of CSR activities under Schedule VII of the Companies Act 2013, Business Ethics, CSR of Business Towards Stake Holders, Social Responsibilities of Business Towards Different Stakeholders-SHAREHOLDERS, GOVERNMENT, CUSTOMERS, EMPLOYEES, SOCIETY, Reasons for Businesses to Engage in CSR, Social Responsibility ----
Arguments for/ in favour of Social Responsibility of Business, Social Responsibility ----
Arguments Against Social Responsibility of Business, CSR Activities of Companies
This document provides an overview of social accounting, including its meaning, objectives, components, and measurement. Social accounting aims to measure and report on an organization's social and environmental impacts. It covers areas like production, consumption, human resources, community involvement, and environmental protection. Measuring social costs and benefits is challenging but can be done using surrogate valuation, surveys, restoration costs, and other techniques. Social accounting helps organizations improve their public image, fulfill social obligations, and inform stakeholders of their social performance and responsibilities to society.
The document summarizes key aspects of the new CSR legislation in India as outlined in the Companies Act of 2013. It discusses that companies meeting certain net worth, turnover, or profit criteria must form a CSR committee comprising at least 3 directors including one independent director. The committee is responsible for recommending a CSR policy and budget. Companies must spend at least 2% of average net profits of the past three years on CSR activities listed in Schedule VII, such as poverty alleviation, education, healthcare, environment and more. Failure to do so requires board explanation.
This document discusses social enterprises and social investment. It defines social enterprises as businesses that apply commercial strategies to maximize social and environmental benefits rather than profits. They reinvest profits back into the community. The document outlines legal structures for social enterprises and factors that make a good social enterprise, such as a clear social motivation and reinvesting profits. It also defines social investment as financing that aims for both social and financial returns, and provides an example of a social investment in a training academy.
This document provides a blueprint for Impact Capital Australia (ICA), an independent financial institution designed to drive the development of impact investing in Australia at scale. ICA would have two roles: as an investor in intermediaries through wholesale investments, and as a proactive market champion. It aims to mobilize more capital and resources to address social and environmental issues by demonstrating impact investment opportunities. The blueprint argues that ICA could play a catalytic role in growing the impact investing market, but requires $300 million in capital from governments, financial institutions, and philanthropists to execute its mission credibly and become self-sustaining within 7 years. It presents ICA as a potential game changer that could help achieve greater public value through new solutions
This document outlines a company's corporate social responsibility (CSR) policy and initiatives. It defines CSR as a self-regulating business model that considers social and environmental impacts. The company emphasizes CSR's importance for maintaining a positive reputation and loyal employees. It details the company's CSR committee structure and activities focused on issues like education, health, environment, and heritage. The policy also addresses CSR implementation, funding, budgeting, and collaborative efforts with other organizations.
The Social Stock Exchange provides a public market for impact businesses to raise capital. In 2016, the Social Stock Exchange had 36 member organizations with a total market capitalization of £2.3 billion. The number of members more than doubled in 2015 and new Social Company Advisers were added. The Social Stock Exchange aims to increase access to capital for organizations addressing social and environmental issues and provide impact investors opportunities to support such enterprises.
This document provides information on social commercial entrepreneurship. It defines social entrepreneurship and compares it to traditional entrepreneurship. Social entrepreneurship aims to create social value rather than profit alone. The document outlines key principles of social entrepreneurship such as having a social mission and involving stakeholders. It also discusses the characteristics of successful social entrepreneurs, including innovation, leadership, and persistence. Finally, it provides details on relevant EU and national legislation regarding social entrepreneurship.
World's First Islamic Social Stock Exchange - A Strategic Framework & CoE and...Johnny Moi
Developing a strategic framework and Center of Excellence (CoE) to create / promote the world's first Islamic Social Stock Exchange with the leadership of Sponsor(s)...
Corporate Social Responsibility (CSR) in India has traditionally been seen as philanthropic activities by corporations. The Companies Act of 2013 introduced the concept of CSR to the forefront and mandates transparency and disclosure of CSR activities. It defines CSR as activities related to education, healthcare, environment sustainability, and more. The Act also outlines requirements around budget allocation for CSR activities and management through a CSR committee. The Confederation of Indian Industry published a handbook to guide companies on developing CSR strategies and implementing effective programs aligned with the Companies Act.
This document discusses social entrepreneurship and social enterprises. It begins by providing context on the modern history of civil society in Egypt and the evolution of approaches from relief to corporate social responsibility. It then defines social entrepreneurship as applying innovative solutions to social problems, outlines the characteristics of social entrepreneurs and social enterprises, and describes three common types of social enterprises - leveraged non-profits, hybrid non-profits, and social business ventures. Finally, it discusses several institutions that make up social capital markets, such as value banks, social investment advisers, social stock exchanges, social investment funds, rating agencies, and funding platforms.
The document discusses Corporate Social Responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities for social good that companies are required to undertake. The key requirements are that companies meeting certain profit thresholds must spend 2% of their net profits on CSR activities related to issues like poverty, healthcare, education, and environment sustainability. The document provides guidance on forming a CSR committee and policy, eligible CSR activities, and how higher education institutions can utilize CSR funds.
The document discusses corporate social responsibility (CSR) in India as mandated by the Companies Act of 2013. Some key points:
- India was the first country to mandate that companies spend 2% of their net profits on CSR activities. This applies to companies with over 500 crore net worth or 1000 crore turnover.
- Eligible CSR activities include eradicating hunger, promoting education, gender equality, and environmental sustainability.
- Companies must form a CSR committee and develop a CSR policy. They must report on CSR initiatives annually.
- The Act aims to promote greater transparency around companies' social and environmental impacts. A minimum of 6000 companies will need to undertake CSR projects to comply.
ODA for Capacity Building in the Social Enterprise- and the SME-Sector in IndiaMartin Vogelsang PhD
Based on my long-standing experience as impact investor in India I would like to suggest that Official Development Assistance (ODA) coming into the country is disbursed more strongly towards capacity building (training, education) and supporting the incubation of viable social enterprises and inclusive businesses catering to the “Base-of-the-Pyramid”. Investing into this area of the Indian economy would not only help alleviate to poverty and at least partly solve some of the grave environmental problems the country is facing. Such an initiative could also help India’s corporate sector become more engaged in creating and scaling innovative solutions in the areas of technology or financial services that could open up new markets for them.
The Financial Environment in Public sector of Pakistan, Give a theoretical background of the topic and then analyze its practical application in an organization selected by you.
The document discusses social impact bonds (SIBs) as a potential resource raising instrument for Oxfam America. It defines SIBs as investments in social service projects that are expected to generate cost savings for public agencies. Investors receive repayments based on whether intended social impacts and cost efficiencies are achieved. The document analyzes the incentives for different parties involved in SIBs, including guarantors like development agencies who leverage private investment for social objectives, states who oversee implementation strategies aligned with their goals, and impact investors seeking social and financial returns.
Conscientious Self Regulatory Organizations (CSROs) are proposed to function like stock exchanges but for non-profits, allowing them to raise funds efficiently while providing donors a reasonable financial return and increased social impact. A CSRO would provide transparency and analytics on non-profit projects and performance. This would reduce costs for non-profits to raise capital and give donors confidence to invest. Hypothetically, a school teacher uses a CSRO to purchase bonds funding an environmental non-profit's new community center, receiving a small annual return while supporting her cause.
Conscientious Self Regulatory Organizations (CSROs) are proposed to function like stock exchanges but for non-profits, allowing them to raise funds efficiently while providing donors a reasonable financial return and increased social impact. A CSRO would provide transparency and analytics on non-profit projects and performance. This would reduce costs for non-profits to raise capital and give donors confidence to invest. Hypothetically, a school teacher uses a CSRO to purchase bonds funding an environmental non-profit's new community center, receiving a small annual return while supporting her cause.
Corporate social responsibility an opportunity to improve the status of soc...CA. (Dr.) Rajkumar Adukia
This article will provide us the overall idea about corporate social responsibility from root level to top level. The main motive behind the formation of this concept is the economic contribution of companies to society
Corporate Social Responsibility, CSR amendments under the Companies (Amendment) Act, 2019, Benefits of CSR, Management of Socially Responsible Business, Pyramid of CSR, Economic Responsibility, Legal Responsibility
Ethical Responsibility, Philanthropic Responsibility, discretionary responsibility, Section 135 and Schedule VII of Companies Act, Entries in Schedule VII, Types of CSR activities under Schedule VII of the Companies Act 2013, Business Ethics, CSR of Business Towards Stake Holders, Social Responsibilities of Business Towards Different Stakeholders-SHAREHOLDERS, GOVERNMENT, CUSTOMERS, EMPLOYEES, SOCIETY, Reasons for Businesses to Engage in CSR, Social Responsibility ----
Arguments for/ in favour of Social Responsibility of Business, Social Responsibility ----
Arguments Against Social Responsibility of Business, CSR Activities of Companies
This document provides an overview of social accounting, including its meaning, objectives, components, and measurement. Social accounting aims to measure and report on an organization's social and environmental impacts. It covers areas like production, consumption, human resources, community involvement, and environmental protection. Measuring social costs and benefits is challenging but can be done using surrogate valuation, surveys, restoration costs, and other techniques. Social accounting helps organizations improve their public image, fulfill social obligations, and inform stakeholders of their social performance and responsibilities to society.
The document summarizes key aspects of the new CSR legislation in India as outlined in the Companies Act of 2013. It discusses that companies meeting certain net worth, turnover, or profit criteria must form a CSR committee comprising at least 3 directors including one independent director. The committee is responsible for recommending a CSR policy and budget. Companies must spend at least 2% of average net profits of the past three years on CSR activities listed in Schedule VII, such as poverty alleviation, education, healthcare, environment and more. Failure to do so requires board explanation.
This document discusses social enterprises and social investment. It defines social enterprises as businesses that apply commercial strategies to maximize social and environmental benefits rather than profits. They reinvest profits back into the community. The document outlines legal structures for social enterprises and factors that make a good social enterprise, such as a clear social motivation and reinvesting profits. It also defines social investment as financing that aims for both social and financial returns, and provides an example of a social investment in a training academy.
This document provides a blueprint for Impact Capital Australia (ICA), an independent financial institution designed to drive the development of impact investing in Australia at scale. ICA would have two roles: as an investor in intermediaries through wholesale investments, and as a proactive market champion. It aims to mobilize more capital and resources to address social and environmental issues by demonstrating impact investment opportunities. The blueprint argues that ICA could play a catalytic role in growing the impact investing market, but requires $300 million in capital from governments, financial institutions, and philanthropists to execute its mission credibly and become self-sustaining within 7 years. It presents ICA as a potential game changer that could help achieve greater public value through new solutions
This document outlines a company's corporate social responsibility (CSR) policy and initiatives. It defines CSR as a self-regulating business model that considers social and environmental impacts. The company emphasizes CSR's importance for maintaining a positive reputation and loyal employees. It details the company's CSR committee structure and activities focused on issues like education, health, environment, and heritage. The policy also addresses CSR implementation, funding, budgeting, and collaborative efforts with other organizations.
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TTD - PPT on social stock exchange.pptx Presentation
1.
2. 2
DISCLAIMER
• This Presentation is purely for the propose of our clients and other
privileged persons
• This is not for the public circulation
• The content is subject to copyrights
• No body reproduce either full or any part of the presentation with out the
permission of the author
• if the content of or any part of the presentation with out the permission of
the author attracts various actions under civil and criminal prosecutions
• Under section 107 of the copyrights Act of 1976 Allowance is made for
the “fair use” for the purpose such as criticism, comment news reporting,
teaching scholarship, research and development
4. KEY POINTS
An SSE is a platform
which allows investor
to buy shares in
social enterprises
vetted by an official
exchange .
The SSE will function
as a common platform
where social
enterprise can raise
fund from the public.
It will function on the
lines of major stock
exchange like BSE
AND NSE however ,
the purpose of the
social exchange will
be not profit but
social welfare
4
6. KEY POINTS
• The first modern stock
trading was created in
Amsterdam when the
Dutch East India Company
was the first publicly
traded company.
• To raise capital, the
company decided to sell
stock and pay dividends
of the shares to investors.
Then in 1611, the
Amsterdam stock
exchange was created.
GENISIS OF
SSE
6
7. KEY POINTS
SSE FIRST BASE IN INDIA
Finance Minister
Nirmala Sitharaman
proposed the creation
of SSE for listing social
enterprises and
voluntary
organizations, so they
can raise funds
The National
Stock Exchange
(NSE) received
approval from the
Securities and
Exchange Board
of India (SEBI) to
set up a Social
Stock Exchange
(SSE) as a
separate segment
on Thursday,
December 22
SEBI formed a working
group—comprising of
representatives from
the government,
philanthropic
(charitable acts or other
good works that help
others) foundations,
nonprofits, impact
investors, and the
private sector—to give
form and content to the
vision of an SSE.
7
8. WHAT IS THE ELIGIBILITY CRITERIA OF
SOCIAL ENTERPRISE
8
9. As recommended by the expert groups, a SE on
the SSE, shall demonstrate that social intent and
impact are its primary goals and that such intent is
demonstrated through its focus on eligible social
objectives for the underserved or less privileged
populations or regions and thus primacy of its
objectives to serve social good.
9
10. (A)15 broad eligible activities based on Schedule VII of the Companies Act, 2013,
Sustainable Development Goals and priority areas identified by Niti Aayog. The list of
eligible activities is as follows:
Eradicating hunger, poverty malnutrition and
inequality; promoting health care (including
mental health) and sanitation; and making
available safe drinking water
Promoting education, employability and
livelihoods
Promoting gender equality, empowerment of
women and LGBTQIA+ communities
Ensuring environmental sustainability,
addressing climate change (mitigation and
adaptation), forest and wildlife conservation
Protection of national heritage, art and culture
Training to promote rural sports, nationally
recognised sports, Paralympic sports and
Olympic sports
Supporting incubators of social enterprises
Supporting other platforms that strengthen the
non-profit ecosystem in fundraising and
capacity building
10
11. 15 broad eligible activities based on Schedule VII of the Companies Act, 2013,
Sustainable Development Goals and priority areas identified by Niti Aayog. The list of
eligible activities is as follows:
Promoting livelihoods for rural and urban poor,
including enhancing income of small and
marginal farmers and workers in the non-farm
sector
Slum area development, affordable housing,
and other interventions to build sustainable
and resilient cities
Disaster management, including relief,
rehabilitation and reconstruction activities
Promotion of financial inclusion
Facilitating access to land and property assets
for disadvantaged communities
Bridging the digital divide in internet and
mobile phone access, addressing issues of
misinformation and data protection
Promoting welfare of migrants and displaced
persons
11
12. 12
WHAT ARE THE FUNCTIONS AND OBJECTIVES OF
SOCIAL STOCK EXCHANGE
13. 13
• Such platform will function in the same
manner as a normal stock exchange does
but such platform will be created to serve
the society generating source from the
society and giving back to society in form
of welfare upliftment through providing
great infrastructure like roads , schools,
hospitals etc in such a system we can buy
the share and sell the share but we don’t
need any dividend from the company or
organization which is listed in social
stock exchange
FUNCTIONS
• It helps social and voluntary organization
which work for social causes to raise
capital as equity or debt or a unit of
mutual fund
• It also allow firms operating in sectors
such as health, environment and
transportation to raise risk capital
OBJECTIVS
15. 15
Greater visibility: Smaller
social enterprises will be
able raise funds through
SSE. This would not be
possible through
conventional way.
Better utilization of funds: Social
Stock Exchange helps in utilistion
of funds in an organized way.
There will be track of spending by
the entity.
Accessing funds: Social
enterprises can access
funds from donors,
philanthropic foundations
and corporate social
responsibility (CSR)
spenders using SSE
18. 18
NUT SHELL:
For Profit Enterprises(FPEs)
NPOs- TRUSTS, Societies, Sec 8
company
With 16 prescribed social objectives
as prescribed by the SEBI Circular
21. 21
India need massive
investment in the
coming year to be
able to meet the
human
development goals
identified by global
bodies like the UN
Currently ,social
enterprise are very
active in India
,however, they face
challenges in raising
funds
It helps in utilization
of funds in an
organized way
.there will bone
track of spending
by the entity
Smaller social
enterprise will be
able raise funds
through social stock
exchange
22. WHAT ARE THE POLICIES TO BE KEPT
IN MIND POLICY?
22
23. 23
Fund raising through SSE ensures accountability, transparency and periodic reporting of
impact. In order to provide an impetus for such fund raising mechanisms and create a vibrant,
deep and liquid market for social investments, it will be necessary to provide certain tax
incentives, as mentioned below:
a. Allow philanthropic donors to claim
100% tax exemption for their
donations to all NPOs that benefit
from the SSE. In India, donations to
private NPOs with 80G certification
can get only 50% tax deduction,
whereas government entities get
100%. This creates an artificial
distinction between private and
government entities doing similar work.
b. Allow all investments made in
securities/ instruments of NPOs listed
on
SSE to be tax deductible.
c. Allow corporates to deduct CSR
expenditure that goes to the SSE from
their taxable income.
d. Exempt investors from paying
Securities Transaction Tax and Capital
Gains Tax on investments/ capital gains
on SSE.
e. Allow first time retail investors to avail a
100% tax exemption on their
investments in the SSE MF structure,
subject to an overall limit of Rs. 1
Lakh.
f. Remove the 10% cap on income
eligible for deduction under 80G.
g. Allow a tax holiday of 5 years to
FPEs listed on the SSE, from the time
of first listing
25. 25
Securities and Exchange
Board of India (SEBI), in
July 2022, notified rules for
Social Stock Exchange
(SSE) to provide social
enterprises
SEBI NOTIFICATIONS:
In its circular SEBI/HO/CFD/PoD-1/P/CIR/2022/120
issued on dated 19th September 2022 the regulator
specified minimum requirements to be met by an NPO
for registration with SSE
Disclosure requirements for NPOs raising funds
through the issuance of zero-coupon zero principal
instruments (ZCZP)
Listed NPO will have to submit a statement of
utilization of funds to SSE, as mandated under
SEBI's rules within 45 days from the end of
quarter.
To disclose Annual Impact Report (AIR) within 90
days from the end of financial year, capturing the
qualitative and quantitative aspects of the social
impact generated by the entity and where applicable,
the impact that is generated by the project or solution
for which funds have been raised on SSE.
26. 26
Social enterprises eligible to participate in the SSE will be
entities - NPOs and for-profit social enterprises - having
social intent and impact as their primary goal.
SEBI said the entities need to make disclosure about its
vision, disclose target segment (those affected by the
problem and how are they affected) and approach to
accomplish its planned activities; details of its
governing body, composition, dates of board meetings
held; and details of key managerial staff.
In addition, NPOs need to make disclosure of financial
statements for last three financial years, details of past
social impact and risks that they see to its work and how it
proposes to mitigate these.
NPOs will have to disclose about details of top five donors
or investors in terms of budget, scale of operations,
including employee and volunteer strength, governance
structure, financial statement, programme-wise fund
utilisation for the year and auditors report and auditor
details.
SEBI NOTIFICATIONS:
27. 27
such an intent should be demonstrated through its focus on
eligible social objectives for the underserved or less
privileged populations or regions
The social enterprises will have to engage in a social
activity out of 16 broad activities listed by the regulator.
The eligible activities include eradicating hunger, poverty,
malnutrition and inequality; promoting healthcare and
supporting education etc.,
Corporate foundations, political or religious
organisations or activities, professional or trade
associations, infrastructure and housing companies,
except affordable housing, will not be eligible to be
identified as a social enterprise.
Put in place annual disclosure requirements that need to be
made by NPOs on such exchanges
SEBI NOTIFICATIONS:
29. 29
NON – PROFIT ENTERPRISES
LEGAL
REQUIRMENTS
PARAMETERS
Entity is registered as an NPO
(a) a charitable trust registered under the public trust statue of the relevant state
(b) a charitable trust registered under the Societies Registration Act, 1860
(c) a charitable trust registered under the Indian Trusts Act, 1882
(d) a company incorporated under section 8 of the Companies Act, 2013
Ownership and control-
Governing document (MoA & AoA/ Trust Deed/ Bye-laws/ Constitution)
(a) Disclose if NPO is owned and/or controlled by government or private
Exemption under Income Tax Act-
Registration Certificate under section 12A/12AA/12AB under Income Tax Act,
1961 to be valid for at least the next 12 months. Does not have a notice or
ongoing scrutiny by Income Tax.
Registration with Income Tax as an NPO-
(a) Valid IT PAN
30. 30
NON – PROFIT ENTREPEISES
LEGAL
REQUIRMENTS
PARAMETERS
Age of NPO-
Registration certificate
(a)Minimum 3 years
Deduction under Income Tax Act, 1960-
Valid 80G registration under Income Tax Act, 1961
(a)Entity to ensure whether tax deduction is available or not to investors.
Eligible to be Social Enterprise-
Requirements with Regulation 292E of ICDR Regulations
(a)As may be specified by SSE
MINIMUM FUND
FLOWS
Annual Spending in the past financial year
Receipts or Payments from Audited accounts/ Fund Flow Statement - Must be
at least Rs. 50 lakhs
Funding in the past financial year
Receipts from Audited accounts/ Fund Flow Statement - Must be at least Rs.
10 lakhs
32. 32
• Trust deed/ Society Bye-laws/ Memorandum of
association(MOA) /Articles of association(AOA)
• Certificate of Incorporation.
• Copy of 80G Certificate
• Copy of 12A (one-time registration) Registration
Certificate under income Tax
• Copy of Income tax returns for last 5 years
• Copy of Goods and Service tax returns for last 5 years
• Documents /Returns/Information filed by the society to
registrar of societies Including balance sheet and other
financial statements
• In case of Section 8 company financial statements (MGT-
7) and other forms filed with MCA portal
• FCRA approval if any,
• Funds contributed to CSR if any in the last 5 years
• Funds received as CSR if any in last 5 years
• Projects which are under taken as CSR currently if any
KEY REGISTRATION DOCUMENTS REQUIRED FOR THE REGITRATION OF NOPs
33. 33
PROCESS FLOW CHARTS AT A GLANCE
NPOs may be required to be
registered prior to raising
funds through SSE and has put
forth a set qualifying criteria for
registration.
A for-profit social enterprise
shall comply with all
provisions of the ICDR
Regulations and the AIF
Regulations [as applicable for
its fund-raising modes] before
it can raise funds through
SSE.
Under Regulation 292F of the
ICDR Regulations, not-for-
profit organizations that are
registered with a social stock
exchange are not required to
seek listing; however, they
must seek registration with a
social stock exchange before
raising funds through one.
34. Tirumala Tirupati Devasthanams is registered
as the constitutional Religious institution
administrated and governed by the A p
Endowment Act 1987, the State Government
(TTD is a conglomeration of temples, brought
under the First Schedule 2 of Act 30 of 1987.
TTD (Tirumala Tirupati Devasthanams) is a Non-
profit organization that manages the Sri
Venkateswara Temple at Tirumala, Andhra
Pradesh, India. The organization's aim is to serve
the devotees and provide them with all the
necessary facilities and services during their visit
to the temple. The TTD also runs several
charitable and educational institutions, including
schools and hospitals, and engages in various
social welfare activities.
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35. Activities & Services of Tirumala Tirupati
Devasthanams in relation with Social Stock
Exchange?
TTD provides various services for pilgrims to Tirumala and
Tirupati, including bus services, food and accommodation.
It maintains the queue management system, facilitates
head tonsure and distribution of laddu. It runs information
and ticketing centers in the major towns and cities across
the country.
Some of the Activities Includes:
Annaprasadam
Education
Hospitals
Sri Venkateswara Gosamrakshana Shala
Free bus services
Other charitable Activities
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36. Whether TTD can List in Social Stock Exchange?
TTD cannot directly go for social stock exchange as per
section 292E (3) of SEBI (ICDR) regulations, a religious
organizations or activities involved shall not be eligible to
be identified as social enterprise.
However, it’s affiliate organizations supported by TTD
like educational Institutions, Vedic Colleges, Medical
and Health Societies, which are involved in social,
charitable and other organizations can list at a social
stock exchange.
36