Social Stock Exchange must form a Governing Council to oversee registration, fundraising and disclosures by social enterprises. SEBI requires each Social Stock Exchange to constitute a Social Stock Exchange Governing Council under Regulation 292D to oversee registration, fundraising and disclosures by Social Enterprises. The SGC must have at least seven members drawn from specified stakeholder categories, be supported by SSE administrative staff, meet at least four times a year, and operate under procedures and conflict-of-interest guidelines set by the stock exchange board. Its remit includes advising on SSE development, onboarding and listing procedures, disclosure adequacy, review of functioning and governance matters.