Consider the following statements with respect to the procedure issued by SEBI for public issuance of ‘zero coupon zero principle’ instrument by NPOs -  I.SEBI has come out with a procedure for public issuance of ‘zero coupon zero principle’ instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SS

• E . The SSE will provide its observation on the draft fundraising document to the NPO within 30 days from the filing of the papers or receipt of clarification, if any, sought by the exchange from the NPO, whichever is later. II.Listing out other conditions for ‘zero coupon zero principle’ instruments, SEBI notified  that such instruments will be issued in dematerialised form only, and are  transferable. III.The minimum issue size has been set at Rs 50 lakh, the minimum application size at Rs 10,000 and the minimum subscription required to be achieved will be 75 per cent of the funds proposed to be raised through the issuance of such instruments. Which of the following statements  is/are TRUE ?