SEBI issued a Consultation Paper on Flexibility in the framework of the Social Stock Exchange (SSE)

Aug 30, 2023 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Securities and Exchange Board of India (SEBI) on August 25, 2023, issued a Consultation Paper on Flexibility in the framework of Social Stock Exchange (SSE).

•SSEAC has recommended that NPOs having notice or ongoing scrutiny by Income Tax may be permitted on SSE subject to the following:

i.Details regarding pending notices or scrutiny cases may be disclosed at the time of making the application for registration on SSE. 

ii. Fines or penalties if imposed shall be disclosed as paid or appealed within 7 days.

Comments may be forwarded by September 19, 2023.

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