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Public Relations Committee The Institute of Chartered Accountants of India 29th August, 2022 ICAI Announces the formation of SRO for Social Stock Exchange Securities and Exchange Board of India (SEBI) notification: F. No. SEBI/LAD-NRO/GN/2022/90 of 25 July, 2022 on the Issue of Capital and Disclosure Requirements (Third Amendment) Regulations by social enterprises has set the tone for the formation of the Social Stock Exchange in India, as a separate segment of a recognized stock exchang
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FAQ :
The SRO, named the "Institute of Social Auditors of India", will regulate social auditors and focus on their capacity building, ethical standards, and compliance with Social Stock Exchange requirements.
The Institute of Chartered Accountants of India (ICAI) is forming the SRO.
The Social Stock Exchange is a separate segment of a recognised stock exchange designed to help social enterprises, both for-profit and not-for-profit, raise funds.
A social auditor is an individual registered with a self-regulatory organisation (SRO) under the ICAI, who must qualify a certification program by the National Institute of Securities Market (NISM).
The proposed SRO will be set up as a Section 8 company under the Companies Act, 2013, under the aegis of ICAI.
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