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Sebi asks social enterprises registered on SSE to submit annual impact report for FY24 by Oct-end

YourStoryYourStory · 1y ago
Sebi asks social enterprises registered on SSE to submit annual impact report for FY24 by Oct-end
Medial

SEBI, the capital markets regulator in India, has mandated social enterprises registered or raising funds through Social Stock Exchange (SSE) to submit an annual impact report by the end of October for the financial year 2023-24. The report should capture the qualitative and quantitative aspects of the social impact generated by the enterprises. SEBI has also designated additional agencies as Self Regulatory Organisations for social impact assessors in relation to SSE. The SSE is a platform for social enterprises to raise funds through the stock exchange mechanism in India. The eligible social enterprises must engage in specific social activities outlined by SEBI.

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Mint Explainer: Why did Sebi issue notice to Rashmi Saluja, Religare board?

LivemintLivemint · 1y ago
Mint Explainer: Why did Sebi issue notice to Rashmi Saluja, Religare board?
Medial

The Securities and Exchange Board of India (SEBI) has expressed dissatisfaction with Religare Enterprises' board and chairperson Rashmi Saluja for failing to comply with securities laws. This comes after the Burman family launched an open offer to acquire additional shares in the company. SEBI has stressed the need for a prompt conclusion to the open offer process and has requested written assurance from the board that they will submit applications for necessary approvals. The Burman family, which already owns a significant stake in Religare, intends to acquire more shares, triggering the open offer. SEBI's role is advisory, and it has urged REL to submit applications to regulators independently.

NCPCR asks social media platforms to explore ways to protect children online

Economic TimesEconomic Times · 11m ago
NCPCR asks social media platforms to explore ways to protect children online
Medial

The National Commission for Protection of Child Rights (NCPCR) held a meeting with representatives from major social media platforms, including Google, YouTube, Meta, Snapchat, Reddit, Sharechat, and Bumble. The aim of the meeting was to discuss issues related to child safety online and find ways to protect children from harmful content and online exploitation. Discussions revolved around age verification mechanisms, blocking Child Sexual Abuse Material (CSAM), providing support to law enforcement agencies, and reporting cases to the National Center for Missing and Exploited Children (NCMEC). The NCPCR outlined several recommendations in a letter following the meeting, including mandatory user identity verification, reporting of CSAM, parental consent for minors, warnings about adult content, and detailed reports on child exploitation cases. The social media platforms have been urged to implement these recommendations and submit an Action Taken Report within seven days.

SEBI Alerts Investors About Online Trading Frauds, But Is This Enough?

Inc42Inc42 · 1y ago
SEBI Alerts Investors About Online Trading Frauds, But Is This Enough?
Medial

The Securities and Exchange Board of India (SEBI) has issued an advisory warning investors about fraudulent trading platforms that are using online courses, seminars, and mentorship programs related to the stock market to lure victims through social media platforms. These platforms often pose as SEBI-registered entities, offering stock market access without the need for official KYC. SEBI's advisory comes in response to numerous complaints about deceptive trading platforms falsely claiming ties with registered foreign portfolio investors (FPIs). The rise of investment tech in India has made it challenging for individuals to discern legitimate investment opportunities from fraudulent ones.

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