SEBI Framework on Social Stock Exchange
28 Questions
0 Views

SEBI Framework on Social Stock Exchange

Created by
@DelectableClimax

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of the notification dated July 25, 2022?

  • To restrict the activities of Social Enterprises
  • To provide a broad framework for Social Stock Exchange (correct)
  • To regulate the stock market
  • To introduce new tax regulations
  • Who is affected by the amendments to the ICDR Regulations, LODR Regulations, and AIF Regulations?

  • Only recognized Stock Exchanges
  • All entities mentioned in the notification (correct)
  • Only Social Enterprises
  • Only Merchant Bankers and Brokers registered with SEBI
  • What type of regulations were amended to provide the framework for Social Stock Exchange?

  • Capital and Disclosure Requirements Regulations (correct)
  • Banking Regulations
  • Education Regulations
  • Insurance Regulations
  • In what sector is the Social Stock Exchange intended to operate?

    <p>Social Impact Sector</p> Signup and view all the answers

    What is the minimum age requirement for a Not for Profit Organization (NPO) seeking registration with SSE?

    <p>Minimum 3 years</p> Signup and view all the answers

    Which act provides the provision for exemption under the Income Tax Act for a Not for Profit Organization (NPO) seeking registration with SSE?

    <p>Income Tax Act, 1960</p> Signup and view all the answers

    What is the minimum amount of annual spending required for a Not for Profit Organization (NPO) seeking registration with SSE?

    <p>At least Rs. 50 lakhs</p> Signup and view all the answers

    Under which section of the Companies Act, 2013 must an NPO be incorporated to be eligible for registration with SSE?

    <p>Section 8</p> Signup and view all the answers

    What must an NPO disclose to ensure tax deduction is available to investors in the context of raising funds through the issuance of Zero Coupon Zero Principal Instruments?

    <p>80G registration under Income Tax Act, 1961</p> Signup and view all the answers

    What is the minimum funding required from audited accounts or fund flow statement in the past financial year for an NPO seeking registration with SSE?

    <p>At least Rs. 10 lakhs</p> Signup and view all the answers

    What is the primary criterion for an NPO to be eligible for registration on SSE?

    <p>Alignment of activities with constitution</p> Signup and view all the answers

    What should an NPO disclose in terms of its target segment to accomplish its planned activities in the context of raising funds through the issuance of Zero Coupon Zero Principal Instruments?

    <p>Target segment and reach</p> Signup and view all the answers

    SEBI recently introduced the framework for Social Stock Exchange through amendments to ICDR Regulations, LODR Regulations, and AIF Regulations.

    <p>True</p> Signup and view all the answers

    The Social Stock Exchange is intended to operate in the for-profit sector only.

    <p>False</p> Signup and view all the answers

    All Social Impact Funds need to be registered with SEBI in order to participate in the Social Stock Exchange.

    <p>True</p> Signup and view all the answers

    The Social Stock Exchange framework specifies detailed regulations for the issuance of Zero Coupon Zero Principal Instruments by Not for Profit Organizations.

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must be registered in India as a charitable trust under the public trust statue of the relevant state

    <p>False</p> Signup and view all the answers

    An NPO seeking registration on SSE can be registered under the Companies Act, 2013, section 7

    <p>False</p> Signup and view all the answers

    An NPO seeking registration on SSE must have a valid registration certificate under the Income Tax Act, 1961, at least for the next 12 months

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must have a notice or ongoing scrutiny by Income Tax

    <p>False</p> Signup and view all the answers

    An NPO seeking registration on SSE must have a valid IT PAN under the Income Tax Act, 1961

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must have been registered for a minimum of 3 years

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must have a valid 80G registration under the Income Tax Act, 1961

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must have annual spending of at least Rs. 50 lakhs in the past financial year

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must have received funding of at least Rs. 10 lakhs in the past financial year

    <p>True</p> Signup and view all the answers

    An NPO seeking registration on SSE must ensure tax deduction is available to investors in the context of raising funds through the issuance of Zero Coupon Zero Principal Instruments

    <p>True</p> Signup and view all the answers

    The governing body of an NPO seeking registration on SSE must be disclosed in the fund raising document

    <p>True</p> Signup and view all the answers

    The strategy formulation towards accomplishing vision should not take into account capabilities and learning from challenges in the context of raising funds through the issuance of Zero Coupon Zero Principal Instruments

    <p>False</p> Signup and view all the answers

    More Like This

    SEBI and Share Market
    5 questions
    SEBI and Indian Financial Market Quiz
    6 questions
    SEBI Quiz
    3 questions

    SEBI Quiz

    LawAbidingOceanWave avatar
    LawAbidingOceanWave
    Use Quizgecko on...
    Browser
    Browser