01 Entry gate
Registration and Listing
NGOs and social enterprises undergo a rigorous registration and listing process, including documentation and SEBI compliance checks.
Regulatory Mechanism
Integrity, Trust & Investor Protection
The regulatory mechanism for the Social Stock Exchange (SSE) includes structured registration, continuous monitoring, investor safeguards, audits, and SEBI oversight — ensuring transparency and accountability.
Transparent disclosures Verified reporting Strong oversight
Mechanism summary
Five processes that protect the ecosystem
SEBI aligned
Entry
Registration
Ongoing
Monitoring
Trust
Protection
Verification
Audit
Control
Oversight
Key processes
How the SSE stays credible and compliant
These mechanisms are designed to minimize risk, strengthen accountability, and ensure funds are used transparently.
02 Ongoing checks
Monitoring and Reporting
Continuous monitoring ensures disclosure and reporting compliance. Regular updates on financial performance and social impact are mandatory.
03 Trust layer
Investor Protection
Mechanisms protect investor interests through grievance redressal systems and transparency in fund utilization.
04 Verification
Audit and Review
Periodic audits and reviews ensure adherence to standards and verify proper use of funds raised through the SSE.
05 Governance
Regulatory Oversight
SEBI, with the SSE, oversees the exchange so it operates within the established legal and regulatory framework.
Who makes it work
Key players in the SSE ecosystem
Oversight is shared across four roles — each with a defined responsibility for keeping the exchange credible.
Regulator
SEBI
Prescribes the SSE framework, eligibility, and disclosure norms, and supervises the exchange.
Marketplace
The SSE
A separate segment of BSE and NSE where NPOs register and list ZCZP instruments.
Verification
Social Auditors
NISM-certified auditors empaneled via ICAI, ICMAI, or ICSI assess every annual impact report.
Transparency
Information Repository
Holds disclosures and impact reports so donors and investors can scrutinise performance.
After listing
What ongoing compliance looks like
Within 60 days
Annual disclosure on general, governance, and financial aspects after the financial year-end.
Within 90 days
An annual impact report, independently assessed by a SEBI-recognised Social Auditor.
For ZCZP issuers
Periodic statements on how the funds raised have been utilised against the stated project.