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Kisan Mitra Trust is a non-profit organisation that has registered on the Social Stock Exchange. A trustee asks who may carry out the social impact assessment of its funded projects as required for the impact report. Which answer fits the SEBI framework?

Social impact assessment must be done by qualified social auditors drawn from the recognised professional pool, not by the trustees themselves or informal donors. This ensures independent verification of the impact claimed by the non-profit in its report on the Social Stock Exchange.

  1. AOnly the trust's own trustees
  2. BOnly the SEBI officials
  3. CSocial impact assessment organisations who are registered as social auditors, such as ICAI-recognised social auditor professionals, can assess itCorrect
  4. DAny donor who wishes to do so informally

Explanation

The framework requires social audit of impact by social auditors, drawn from the registered or recognised professional pool, to ensure independent verification. Self-assessment by trustees lacks independence, and SEBI does not itself audit each entity.

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