- 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