.jpg "NSE gets the final SEBI approval to launch Social Stock Exchange")
- The SSE will allow investors to trade in shares of social enterprises and voluntary organizations that are engaged in activities such as poverty alleviation, health care, education, environment protection, etc.
- The SSE will also provide new avenues for social enterprises to finance their social initiatives, provide them visibility and bring in increased transparency in fund mobilization and utilization by social enterprises.
- The SSE will follow the norms and guidelines issued by SEBI for listing, disclosure, trading and reporting of social enterprises and voluntary organizations on the SSE platform.
- The NSE will also create a dedicated team to facilitate the smooth functioning of the SSE segment and provide necessary support to social enterprises and voluntary organizations.
- They can raise funds from the public through the stock exchange mechanism, which can provide them with an alternative source of financing.
- They can enhance their visibility and credibility by listing on a regulated platform that follows SEBI norms and guidelines.
- They can access innovative fund-raising instruments such as zero coupon zero principal bonds, social venture funds, social impact funds, etc. that are tailored to their needs and objectives.
- They can benefit from tax exemptions and benefits that are recommended by the SEBI committee to encourage investors to participate in SSE.
- They can build confidence among funders by adhering to a common standard for reporting and evaluation of their social impact.
Question:
Q.1 What is the final approval date from the (SEBI) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE?b.26 February,2023
c.22 February,2023
d.20 February,2023
