![NSE receives in-principle approval from SEBI as separate segment NSE receives in-principle approval from SEBI as separate segment](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9ddFVLdkTnWP3um5l0njQq2EkSKYrBjT9EXpMXg4VkSApzsttC-hwcd3dq7WMG-UvAReqVtf9uEauGf4H7jaX6P-ILZ02zGAxHVSx0y6plnXhRKQGB6t9DpdChMI9gXGJbYruur4UzVEGvCqNMeOXAH15dLEiAionYs9SSw_EEz_VPA0b2qb1pF19qw/w320-h180-rw/nse-1.jpg)
- SSE was proposed in the 2019-20 Union budget to list social enterprises and voluntary organizations.
- These organizations can raise funds using equity or debt instruments.
- The minimum issue size is Rs. 1 crore and the minimum application size for subscription is Rs. 2 lakhs.
- This can be done under “Zero-coupon zero principal” under the Securities Contracts Regulations Act, 1956.
- These instruments can be issued publicly or privately by NPO.
- Additionally, BSE has received approval from SEBI to set up Social Stock Exchange (SSE) as a separate segment in October 2022.
- This will help Social enterprises and Non-Profit Organizations to have social intent and impact society as their primary role.
Question:
Q.1 What is the minimum issue size of the Social Stock Exchange?a. Rs. 2 crore
b. Rs. 1 crore
c. Rs. 3 crore
d. Rs. 5 crore