SEBI has recently introduced the concept of Social Stock Exchange? Define the Social Stock Exchange and nature of entity eligible for listing on the Social Stock Exchange platform.
CS Executive · Securities Laws and Capital Markets · PYQS · June 2024
SEBI has recently introduced the concept of Social Stock Exchange? Define the Social Stock Exchange and nature of entity eligible for listing on the Social Stock Exchange platform.
Answer & Explanation:
In term of the Chapter X-A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Social Stock Exchange means a separate segment of a recognized stock exchange having nationwide trading terminals permitted to register Not for Profit Organizations and / or list the securities issued by Not for Profit Organizations in accordance with provisions of these regulations. Regulation 292J of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 prescribes that a Social Enterprise which is a Not for Profit Organization registered with a Social Stock Exchange may make an issue of Zero Coupon Zero Principal Instruments and list them on such Social Stock Exchange. "Not for Profit Organization" means a Social Enterprise which is any of the following entities: a charitable trust registered under the Indian Trusts Act, 1882; a charitable trust registered under the public trust statute of the relevant state; a charitable society registered under the Societies Registration Act, 1860; a company incorporated under section 8 of the Companies Act, 2013; any other entity as may be specified by SEBI.
Topics: SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
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