CIRCULAR
SEBI/HO/CFD/PoD-1/P/CIR/2024/0060
May 27, 2024
To,
All Social Enterprises
All Recognized Stock Exchanges
All Recognized Depositories
All Merchant Bankers and Brokers registered with SEBI
All Social Impact Fund registered with SEBI
Sir / Madam,
Sub: Self Regulatory Organizations for Social Impact Assessors in the context
of Social Stock Exchange (“SSE”)
1. In terms of Regulation 292A(f) of the Securities and Exchange Board of India (Issue
of Capital and Disclosure Requirements) Regulations, 2018, (“ICDR
Regulations’) a Social Impact Assessor means an individual registered with self
regulatory organization under the Institute of Chartered Accountants of India or
such other agency, as may be specified by the Board, who has qualified a
certification program conducted by National Institute of Securities Market.
2. In addition to the Self-Regulatory Organization under the Institute of Chartered
Accountants of India the following agencies are specified as Self Regulatory
Organizations for Social Impact Assessors in the context of Social Stock
Exchange:
2.1. ICMAI Social Auditors Organization (ICMAI SAO) under the Institute of
Cost Accountants of India
2.2. ICSI Institute of Social Auditors (ICSI ISA) under the Institute of Company
Secretaries of India.
3. A copy of this circular is available on SEBI website at www.sebi.gov.in under the
categories “Legal Framework → Circulars”.
Yours faithfully,
Yogita Jadhav
General Manager
Corporation Finance Department
Division of Policy and Development
+91 22 2644 9583
Email – yogitag@sebi.gov.in