Question
Recently which of the following stock exchange has
received approval from the Securities Exchange Board of India (SEBI) to set up a social stock exchange (SSE)?Solution
BSE received approval from the Securities Exchange Board of India (SEBI) to set up a social stock exchange (SSE) as a separate segment of the BSE. In its circular, the regulator had specified minimum requirements to be met by a non-profit organisation (NPO) for registration with SSE, disclosure requirements for NPOs raising funds through the issuance of zero-coupon zero principal instruments and put in place annual disclosure requirements that need to be made by NPOs on such exchanges.The listed NPO will have to submit a statement of the utilisation of funds to SSE, as mandated under SEBI's rules, within 45 days from the end of the quarter and an Annual Impact Report (AIR) within 90 days from the end of financial year. SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch BSE Headquarters: Mumbai MD & CEO: Ashish Kumar Chauhan Social Stock Exchange -An SSE allows the listing of non-profit or non-government organisations on stock exchanges, providing them with an alternative fund-raising structure. It may be listed on BSE or NSE.
Which Indian defense organization successfully completed trials of the Very Short Range Air Defence System (VSHORAD) in 2024?
Recently Ministry of MSMEs has appointed which institution as the implementing agency for the ‘ Capacity Building of First Time MSE Exporters&rsqu...
What is the name of the northern land command that NATO plans to set up in Finland in 2024, near the Russian border?
Which organization received the UN’s WSIS 2024 PRIZE “Champion” Award?
What is the total brand value of Amul as recognized in 2024 by Brand Finance?
The GST Council formed a Group of Ministers (GoM) to decide on the taxation of which type of goods?
Which of the following films has been awarded the Best Feature Film in the 68th National Film Awards?
Bharat Billpay and which private sector bank has partnered with LuLu Financial Group to enable direct utility bill payment for NRIs?
On which day is World Habitat Day observed annually, and what was its theme for 2024?
Which state became the first to launch a state chapter of the Women Entrepreneurship Platform (WEP) in collaboration with NITI Aayog?