ZCZP
Sebi for benefits on zero coupon zero principal bonds
To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange.
Explained: How fundraising works on Social Social Stock Exchange
Investing through SSE is different from direct donations. It offers a structured way to support social causes, with added benefits like transparency, legitimacy and potential tax benefits, not usually available with direct donations. Further, investing in stocks or bonds of social enterprises also provides a financial return potential.
Beyond IPOs and FPOs, Ashish Kacholia, Zerodha invest in NPO which gives zero return
Smallcap czar Ashish Kacholia, known for his multibagger picks, invested Rs 30 lakh while Zerodha generously invested Rs 1 crore. Other two investors are NABARD and HNI Govind Vaidiram Iyer.
Amid IPO fever, Sebi chief says will look into high valuations of public offers
Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better off investing after the dust settles down post-debut in the secondary market.
Sebi to introduce regulatory framework for index providers
In this regard, the minimum issue size in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP) for NPOs on the social stock exchange will be reduced to Rs 50 lakh from Rs 1 crore.
Sebi to introduce regulatory framework for index providers
The decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting. On SM REITS, Sebi Chairperson Madhabi Puri Buch said the objective is to help expand the market significantly so that more retail investors can have fractional ownership in REIT units. Sebi is open to looking at creating more such products, Buch told reporters after the board meeting.
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Sebi reduces minimum issue size for social stock exchange to Rs 50 lakh
Sebi said it has also permitted NPOs to disclose past social impact report in the fundraising document as per their existing practice subject to disclosure of key parameters such as number of beneficiaries, cost per beneficiary and administrative overhead.
India’s social stock exchanges will see more listings and tweaks
A nonprofit wishing to list on a social bourse needs to first register with it and meet a host of criteria, make annual disclosures and produce extensive documentation, just as a company planning an IPO would. This includes a detailed fund-raise document with financial statements, risks, past social impact and the strategy to achieve its vision.
Sebi looking to ease fundraising for not-for-profit organisations on social stock exchanges
Additionally, it has suggested abolishing the requirement of no pending notice or ongoing scrutiny by Income Tax against NPOs for registration on social stock exchanges (SSEs) and substituting the term social auditor with social impact assessor.
Why India needs a separate stock exchange and regulatory framework for IPOs by NGOs
India's National Stock Exchange (NSE) and BSE are preparing to launch a Social Stock Exchange (SSE), a unique fund-raising platform for social enterprises. The SSE will offer IPOs for social enterprises, designated as for-profit enterprises or not-for-profit organisations, with a focus demonstrated on eligible social objectives.
Social stock exchange to boost investability of social impact projects
This will accelerate development and create the desired impact at the bottom of the pyramid. SSE will pave the way for building values through social development and enhanced SDG preparedness.
Explainer: NSE gets nod to launch social stock exchange. What is it and how does it work?
Social enterprises are non-governmental organisations and are of two types — non-profit organisations (NPOs) and for-profit social enterprises (FPEs). An NPO is a charitable trust or a charitable society not operating for profit, whereas an FPE is a company or corporate body in the social space, operating for profit
NSE gets nod to launch Social Stock Exchanges
The Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises.
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