28 Questions
What is the purpose of the notification dated July 25, 2022?
To provide a broad framework for Social Stock Exchange
Who is affected by the amendments to the ICDR Regulations, LODR Regulations, and AIF Regulations?
All entities mentioned in the notification
What type of regulations were amended to provide the framework for Social Stock Exchange?
Capital and Disclosure Requirements Regulations
In what sector is the Social Stock Exchange intended to operate?
Social Impact Sector
What is the minimum age requirement for a Not for Profit Organization (NPO) seeking registration with SSE?
Minimum 3 years
Which act provides the provision for exemption under the Income Tax Act for a Not for Profit Organization (NPO) seeking registration with SSE?
Income Tax Act, 1960
What is the minimum amount of annual spending required for a Not for Profit Organization (NPO) seeking registration with SSE?
At least Rs. 50 lakhs
Under which section of the Companies Act, 2013 must an NPO be incorporated to be eligible for registration with SSE?
Section 8
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?
80G registration under Income Tax Act, 1961
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?
At least Rs. 10 lakhs
What is the primary criterion for an NPO to be eligible for registration on SSE?
Alignment of activities with constitution
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?
Target segment and reach
SEBI recently introduced the framework for Social Stock Exchange through amendments to ICDR Regulations, LODR Regulations, and AIF Regulations.
True
The Social Stock Exchange is intended to operate in the for-profit sector only.
False
All Social Impact Funds need to be registered with SEBI in order to participate in the Social Stock Exchange.
True
The Social Stock Exchange framework specifies detailed regulations for the issuance of Zero Coupon Zero Principal Instruments by Not for Profit Organizations.
True
An NPO seeking registration on SSE must be registered in India as a charitable trust under the public trust statue of the relevant state
False
An NPO seeking registration on SSE can be registered under the Companies Act, 2013, section 7
False
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
True
An NPO seeking registration on SSE must have a notice or ongoing scrutiny by Income Tax
False
An NPO seeking registration on SSE must have a valid IT PAN under the Income Tax Act, 1961
True
An NPO seeking registration on SSE must have been registered for a minimum of 3 years
True
An NPO seeking registration on SSE must have a valid 80G registration under the Income Tax Act, 1961
True
An NPO seeking registration on SSE must have annual spending of at least Rs. 50 lakhs in the past financial year
True
An NPO seeking registration on SSE must have received funding of at least Rs. 10 lakhs in the past financial year
True
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
True
The governing body of an NPO seeking registration on SSE must be disclosed in the fund raising document
True
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
False
Learn about the framework for the Social Stock Exchange (SSE) as per the notification by the Securities and Exchange Board of India (SEBI). The framework outlines guidelines for recognized stock exchanges, depositories, merchant bankers, brokers, social enterprises, social impact funds, and social audit firms.
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