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of <h1>SEBI Amends Rules to Launch Social Stock Exchanges, Mandates Governing Council for Oversight and Accountability.</h1> The Securities and Exchange Board of India (SEBI) has amended regulations to establish a framework for Social Stock Exchanges (SSE). Each SSE must form a Governing Council (SGC) to oversee its operations, comprising at least seven members from various sectors like philanthropy, non-profits, social investors, and stock exchanges. The SGC will guide SSE operations, including registration, fundraising, and disclosures by social enterprises. It will meet at least four times a year and address governance and development issues. The establishment of the SGC is mandatory before seeking SEBI's approval for launching an SSE segment.
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