Markets regulator Sebi on Friday extended the deadline till July 20 for submitting public comments on the suggestions made by the technical group on social stock exchange in the wake of ongoing coronavirus pandemic.
Earlier, public comments were sought till June 20.
"In view of the requests received from stakeholders seeking extension of timeline for submission of comments due to COVID-19 pandemic, it has been decided to extend the timeline for seeking public comments to July 20, 2021," Sebi said in a notice.
A Sebi-appointed panel in May suggested a detailed framework for onboarding social enterprises and non-profit organisations on the proposed social stock exchange.
Under the framework, corporate foundations, political and religious organisations, among other entities should not be allowed to be on the bourse.
The panel had also listed 15 broad activities that will make a social enterprise (SE) eligible to be onboarded on the exchange.
In its report to Sebi, the panel, under the chairmanship of NABARD former chairman Harsh Kumar Bhanwala, had deliberated on aspects related to the ecosystem development, especially on social auditors.
SEs eligible to participate in social stock exchange should be entities -- non-profit organisation (NPO) and for-profit social enterprise (FPE) having social intent and impact as their primary goal.