Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Not-for-profits must file quarterly fund usage reports to Social Stock Exchanges per SEBI Regulations, 2015.</h1> A listed Not for Profit Organization must submit a quarterly statement to the Social Stock Exchange(s) detailing the utilization of funds raised. This includes the category-wise amount of money raised, utilized, and the remaining unutilized balance. Any unutilized funds must be kept in a separate bank account, not mixed with other funds. The organization is required to provide this statement until the funds are fully utilized or the intended purpose is achieved. These requirements were inserted into the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective from July 25, 2022.
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