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CS Professional · CSR and Social Governance · Social Stock Exchange

Ganga Vikas Foundation, an eligible NPO, is told that a Social Stock Exchange Advisory Committee exists. What is the main function of this committee under the SEBI framework?

The Social Stock Exchange Advisory Committee advises SEBI on matters concerning the framework and development of the Social Stock Exchange. It does not penalise NPOs, audit their accounts or allot instruments, which are handled by other authorities and intermediaries.

  1. ATo adjudicate penalties against listed NPOs
  2. BTo advise SEBI on matters relating to the Social Stock Exchange, such as the framework for its working and developmentCorrect
  3. CTo audit the accounts of all NPOs
  4. DTo allot securities to social investors

Explanation

SEBI constituted a Social Stock Exchange Advisory Committee to advise it on the framework and development of the Social Stock Exchange. It does not adjudicate, audit or allot, which are done by SEBI's adjudicating officers, social auditors and the issuer with the exchange respectively.

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