A bit too socially restrictive, SEBI SECTIONS Last Updated: May 07, 2021, 11:54 PM IST Share Synopsis The classification of eligible activities should be flexible, within limits. And, indeed, these should target underprivileged groups. However, there is no reason to allow any leeway for undertaking non-eligible activities. A Sebi-appointed panel’s proposal as to the eligibility for raising funds on the Social Stock Exchange is a trifle too restrictive. It bars political organisations and professional associations, which is fine. However, the outright bar on corporate foundations and religious organisations is not. Eligibility should be determined by the activities and goals of the outfit seeking to raise funds.