All Not-for-Profit (NPOs) require a formal registration with the SSE platform hosted by Indian stock exchanges like NSE and BSE to become eligible for social impact funding from Social Stock Exchange (SSE). The SSE works as a dedicated segment of these stock exchanges, which allows NPOs to get listed and raise funds via securities called Zero Coupon Zero Principal instruments(ZCZPIs).
It is also worth noting that NPOs that fulfil the Social Enterprise eligibility criteria given by SEBI can apply for registration. Even though registration enables the possibility of fundraising but it's not necessary to list instruments or raise funds immediately after registration. SSE registration used to be valid for one year and it must be renewed annually to remain active.
For listing on the Social Stock Exchange, an NPO must meet the eligibility criteria decided by SEBI and meet the compliance guidelines made by NSE and BSE. As both exchanges have their own separate portals and documentation formats for registration which involve board approvals, auditor validations and submission of statutory and financial documents.
For the registration on BSE SSE, the NPO must submit an application written on its official letterhead addressed to BSE SSE along with the documents listed below:
Detailed checklist and downloadable annexures are available at: BSE SSE Website
Just like the Bombay Stock Exchange, the National Stock Exchange Social Stock Exchange also demands a formal application supported by necessary compliance documents.
All applications must be digitally submitted with accurate disclosures as per the NSE registration framework: NSE SSE Portal
