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Gramin Vikas Society, a registered non-profit organisation, raised Rs 40 lakh through ZCZP instruments on the Social Stock Exchange and is registered there. Under the SSE disclosure framework, which obligation applies to it as a registered non-profit organisation?

A registered non-profit on the Social Stock Exchange must make prescribed disclosures, including an annual impact report on social outcomes alongside periodic reporting under SEBI norms. The obligation is not removed after fundraising, is not limited to financial statements, and does not depend on surplus distribution.

  1. AIt must disclose its social impact through an annual impact report, along with periodic reporting prescribed by SEBI, with the impact reported on the basis of audited dataCorrect
  2. BIt has no reporting obligation once funds are collected, as donors take the risk
  3. CIt must file only a financial statement and need not report social impact
  4. DIt must submit reports only if it distributes surplus to members

Explanation

Registered non-profit organisations must make disclosures, including an annual impact report and periodic reports, with the impact assessed in line with prescribed norms. Financial statements alone are not enough, and the duty does not depend on distribution of surplus or on donor risk.

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