ICMAI and ICSI Join ICAI as SEBI-Designated SROs for Social Impact Assessors in SSE, Circular Out

The ICMAI ( Institute of Cost Accountants of India ) and ICSI ( Institute of Company Secretaries of India ) have been designated as Self Regulatory Organisations ( SROs ) for Social Impact Assessors by SEBI ( Security Exchange Board of India ) along with ICAI in the context of Social Stock Exchange ( SSE ). The board has issued a circular regarding the same on May 27, 2024.

The circular of the SEBI reads as follows :

“In terms of Regulation 292A(f) of the Securities and Exchange Board of India ( Issue of Capital and Disclosure Requirements ) Regulations, 2018, ( ‘ICDR Regulations’ ) a Social Impact Assessor means an individual registered with self regulatory organization under the Institute of Chartered Accountants of India or such other agency, as may be specified by the Board, who has qualified a certification program conducted by National Institute of Securities Market.

In addition to the Self-Regulatory Organization under the Institute of Chartered Accountants of India the following agencies are specified as Self Regulatory Organizations for Social Impact Assessors in the context of Social Stock Exchange:

2.1. ICMAI Social Auditors Organization ( ICMAI SAO ) under the Institute of Cost Accountants of India

2.2.  ICSI Institute of Social Auditors ( ICSI ISA ) under the Institute of Company Secretaries of India.”

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