The notification has inserted a new Chapter, “Chapter X-A”: Social Stock Exchange” in ICDR Regulations. Further, in terms of the aforesaid amendment, a detailed framework on Social Stock Exchange has been prescribed by SEBI vide its circular dated 19th September 2022.

SEBI notifications may be accessed by clicking following links:

Institute of Social Auditors of India (ISAI)
Social Stock Exchange in India, is a separate segment of recognised stock exchange to facilitate fundraising by social enterprises, both for-profit as well as not for profit organizations and to establish the primacy of its social intent, of the projects, programs and activities of social enterprises. SEBl vide its aforementioned circulars/notifications came up with a new class of auditors, the ‘Social Auditors’.

As per the SEBI notification, a Social Auditor is defined as an individual registered with a self-regulatory organization (SRO) under the aegis of the Institute of Chartered Accountants of lndia (ICAI).

The Institute of Social Auditors of India (ISAI), a Company limited by shares, u/s 8 of the Companies Act, 2013 has been incorporated under the aegis of The Institute of Chartered Accountants of India and as per the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022 to carry out the functions of a Self-Regulatory Organization.

Institute of Social Auditors of India (ISAI) will enrol, regulate and develop the Social Auditors in an independent and transparent manner. ISAI will also work on capacity building of the social auditors through continuous professional education and training.