{"id":18187,"date":"2023-12-15T05:34:28","date_gmt":"2023-12-15T00:04:28","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=18187"},"modified":"2025-04-05T09:15:00","modified_gmt":"2025-04-05T03:45:00","slug":"sse","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/sse\/","title":{"rendered":"Social Stock Exchange"},"content":{"rendered":"<h2>About Social Stock Exchange<\/h2>\n<ul>\n<li>It functions as a\u00a0separate segment within the existing stock exchange and\u00a0help social enterprises raise funds\u00a0from the public through its mechanism.<\/li>\n<li>It would serve as a medium for enterprises to seek finance for their social initiatives, acquire visibility and provide increased transparency about fund mobilisation and utilisation.<\/li>\n<li>Retail investors can only invest in\u00a0securities offered by for-profit social enterprises (SEs) under the main Board.<\/li>\n<li>In all other cases, only institutional investors and non-institutional investors can invest in securities issued by SEs.<\/li>\n<\/ul>\n<h2>Who is eligible?<\/h2>\n<ul>\n<li>Any social enterprise,\u00a0Non-Profit Organisation (NOPs) or\u00a0For-Profit Social Enterprises (FPEs), that establishes its primacy of social intent can get registered or listed on the Social Stock Exchange segment.<\/li>\n<li>As per the SEBI\u2019s regulation, the enterprises must be serving to:\n<ul>\n<li>eradicate either hunger, poverty, malnutrition and inequality;<\/li>\n<li>promoting education, employability, equality, empowerment of women and LGBTQIA+ communities; working towards environmental sustainability;<\/li>\n<li>protection of national heritage and art or bridging the digital divide, among other things.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Different mechanism available for fundraising<\/h2>\n<ul>\n<li>For Non-Profit Organisation\n<ul>\n<li>It can raise money either through issuance of\u00a0Zero Coupon Zero Principal (ZCZP) Instruments from private placement or public issue, or donations from mutual funds.<\/li>\n<li>The SEBI board recently approved halving the minimum issue size of ZCZPs by NPOs on SSEs to\u00a0Rs 50 lakh from Rs 1 crore.<\/li>\n<\/ul>\n<\/li>\n<li>The minimum application size will be reduced to\u00a010,000 from 2 lakh rupees to enable wider participation.<\/li>\n<li>For-Profit Social Enterprises\u00a0(FPEs)\n<ul>\n<li>It can raise money through\u00a0issue of equity shares (on main board, SME platform or innovators growth platform of the stock exchange).<\/li>\n<li>Issuing equity shares to an\u00a0Alternative Investment Fund including Social Impact Fund or issue of debt instruments.<\/li>\n<li>For-Profit Enterprises (FPEs) need not register with social stock exchanges before it raises funds through SSE.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What are Zero Coupon Zero Principal (ZCZP) Instruments?<\/h3>\n<p>These are financial instruments that do not pay periodic interest, but are issued at a discount to their face value and mature at par.With its zero-coupon, zero-principal structure, it resembles a debt security like a bond. With ZCZP instrument, when an entity issues these securities and raises money, it is not a loan but a donation.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindubusinessline.com\/markets\/unnati-is-the-first-entity-to-list-on-the-social-stock-exchange\/article67635224.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>Unnati becomes the first entity to list on the social stock exchange<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social Stock Exchange  functions as a separate segment within the existing stock exchange and helps social enterprises raise funds from the public through its mechanism.<\/p>\n","protected":false},"author":5,"featured_media":18188,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-18187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/18187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=18187"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/18187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/18188"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=18187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=18187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=18187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}