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With reference to Social Stock Exchange(SSE), consider the following statements:
1. Corporate foundations and religious organisations will not be eligible to be identified as social enterprises.
2. Minimum issue size of ₹1 crore and a minimum application size for subscription of ₹2 lakh are currently required for SSE.
Which of the statements given above is/are correct?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to Social Stock Exchange(SSE), consider the following s...
Social Stock Exchange (SSE)
• The Social Stock Exchange (SSE) is a platform that connects social enterprises with investors who are looking to invest in companies that have a positive social impact.
• The SSE was proposed by the Indian Government in 2019, with the aim of promoting social entrepreneurship and mobilizing capital towards social causes.
Statements and their correctness
• Statement 1: Corporate foundations and religious organizations will not be eligible to be identified as social enterprises.
- This statement is correct. According to the guidelines issued by the Securities and Exchange Board of India (SEBI), corporate foundations and religious organizations are not eligible to be identified as social enterprises. This is because social enterprises are expected to have a social mission as their primary objective, which is not the case for corporate foundations and religious organizations.
• Statement 2: Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.
- This statement is also correct. As per the guidelines issued by SEBI, a minimum issue size of Rs. 1 crore and a minimum application size of Rs. 2 lakh are currently required for companies that want to list on the SSE. This is to ensure that the SSE attracts high-quality social enterprises and investors who are committed to social impact.
Conclusion
• Both statements are correct. The SSE is a platform that aims to promote social entrepreneurship and mobilize capital towards social causes. To be eligible for listing on the SSE, companies must have a social mission as their primary objective, and meet the minimum issue size and application size requirements set by SEBI.
• The Social Stock Exchange (SSE) is a platform that connects social enterprises with investors who are looking to invest in companies that have a positive social impact.
• The SSE was proposed by the Indian Government in 2019, with the aim of promoting social entrepreneurship and mobilizing capital towards social causes.
Statements and their correctness
• Statement 1: Corporate foundations and religious organizations will not be eligible to be identified as social enterprises.
- This statement is correct. According to the guidelines issued by the Securities and Exchange Board of India (SEBI), corporate foundations and religious organizations are not eligible to be identified as social enterprises. This is because social enterprises are expected to have a social mission as their primary objective, which is not the case for corporate foundations and religious organizations.
• Statement 2: Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.
- This statement is also correct. As per the guidelines issued by SEBI, a minimum issue size of Rs. 1 crore and a minimum application size of Rs. 2 lakh are currently required for companies that want to list on the SSE. This is to ensure that the SSE attracts high-quality social enterprises and investors who are committed to social impact.
Conclusion
• Both statements are correct. The SSE is a platform that aims to promote social entrepreneurship and mobilize capital towards social causes. To be eligible for listing on the SSE, companies must have a social mission as their primary objective, and meet the minimum issue size and application size requirements set by SEBI.
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With reference to Social Stock Exchange(SSE), consider the following s...
National Stock Exchange of India (NSE India) recently received an in-principle approval from the Securities Exchange Board of India (Sebi) to set-up SSE as a separate segment.
What is SSE?
- SSE is a novel idea in India, and a stock exchange of this kind is intended to benefit the private and non-profit sectors by directing more capital to them.
- During her Budget speech for the fiscal year 2019–20, Finance Minister first proposed the concept of SSE. The Securities Contracts (Regulation) Act, 1956 was then invoked by the government, which subsequently published a gazette notification announcing a new security as "zero coupon zero principal".
- The SSE will function as a distinct division of the current stock exchanges under the new regulations.
Who can list on SSE?
- Not-for-profit organisations (NPOs) and for-profit social enterprises with social intent and impact as their primary goal will be eligible to participate in the SSE.
- The social enterprises will have to engage in a social activity out of 16 broad activities listed by the regulator.
- The eligible activities include-
- eradicating hunger poverty, malnutrition and inequality
- promoting healthcare, supporting education, employability and livelihoods
- gender equality empowerment of women and LGBTQIA communities
- supporting incubators of social enterprise.
- Corporate foundations, political or religious organisations or activities, professional or trade associations, infrastructure companies, and housing companies, with the exception of affordable housing, will not be eligible to be identified as social enterprises.
- According to Sebi's framework, minimum issue size of ₹1 crore and a minimum application size for subscription of ₹2 lakh are currently required for SSE.
Hence both statements are correct.
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With reference to Social Stock Exchange(SSE), consider the following statements:1. Corporate foundations and religious organisations will not be eligible to be identified as social enterprises.2. Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to Social Stock Exchange(SSE), consider the following statements:1. Corporate foundations and religious organisations will not be eligible to be identified as social enterprises.2. Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Social Stock Exchange(SSE), consider the following statements:1. Corporate foundations and religious organisations will not be eligible to be identified as social enterprises.2. Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Social Stock Exchange(SSE), consider the following statements:1. Corporate foundations and religious organisations will not be eligible to be identified as social enterprises.2. Minimum issue size of 1 crore and a minimum application size for subscription of 2 lakh are currently required for SSE.Which of the statements given above is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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