SEBI overhauls advisory panels on Social Stock Exchange

Social Stock Exchange – The social stock exchange advisory committees have undergone a restructuring under the direction of capital markets regulator SEBI. The panel’s job is to advise Sebi on problems relating to the legal framework for social enterprises, making recommendations to the regulator on what needs to be changed to promote clarity and openness in the procedures governing such social firms.

Social Stock Exchange

Social Stock Market

Santosh Jayaraman, Global Head- Sustainability, HCL Tech; Pushpa Aman Singh, Founder and CEO of GuideStar India; Anil Kumar SG, Founder & CEO, Samunnati Financial Intermediation & Services; and Pushpa Aman Singh have all been appointed by SEBI as members of the social stock exchange.

Hemant Gupta, among other people, is the managing director of the BIL Ryerson Technology Startup Incubator Foundation.

The chairman of the Grassroots Research and Advocacy Movement, R Balasubramaniam, will now serve as the committee’s 18th member (GRAAM).

Ishaat Hussain presided over it in the past (Director at SBI Foundation and former Finance Director at Tata Sons).

TV The committee no longer includes Mohandas Pai, the chairman of Manipal Global Education and a former director of Infosys, Roopa Kudva, the managing director of Omidyar Network India, and Girish G. Sohani, the director of BAIF Development Research Foundation.

The framework for the social stock exchange was announced by the capital markets regulator in July, giving social enterprises another way to raise money. The social stock exchange is a novel idea in India, and by channelling more capital to the private and nonprofit sectors, it is intended to benefit those sectors.