Sebi extends timeline for social enterprises to submit annual disclosures

Markets regulator Sebi on Monday extended the timeline to January 2025 for social enterprises, which have registered or mobilised funds through social stock exchange, to submit annual disclosures and 'annual impact report' for the financial year 2023-24.

Social enterprises were required to make annual disclosures and submit 'annual impact report' to the Social Stock Exchange (SSE) by October 31, 2024.

"The outer timeline for annual disclosures under Regulation 91C(1) and annual impact report under Regulation 91E(1) of LODR (Listing Obligations and Disclosure Requirements) Regulations by Social Enterprises on Social Stock Exchange, for FY 2023-24 has been extended up to January 31, 2025," Sebi said in a circular.

The annual report involves details of general, governance and finance aspects and annual impact report to SSE captures the qualitative and quantitative aspects of the social impact generated by the social enterprise.

In case a Not-for-Profit Organisation is only registered