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NSE receives in-principle approval from SEBI as separate segment

Published on December 24, 2022
Current Context: NSE receives approval from SEBI to set up Social Stock Exchange (SSE) as a separate segment.
NSE receives in-principle approval from SEBI as separate segment
  • 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
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