Review of requirement relating to registration for a Not for Profit Organization on Social Stock Exchange (SSE) and minimum subscription requirement for issuance of Zero Coupon Zero Principal Instruments

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....ecognized Depositories All Merchant Bankers and Brokers registered with SEBI All Social Enterprises All Social Impact Fund registered with SEBI All Social Impact Assessment Firms The Institute of Chartered Accountants of India (ICAI) The Institute of Company Secretaries of India (ICSI) The Institute of Cost Accountants of India (ICMAI) Sir / Madam, Sub: Review of require....

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.... that, the Social Stock Exchange shall prior to granting in-principle approval for such partial fund raising, undertake due-diligence to satisfy themselves that the funds raised towards the object(s) are capable of being deployed in a meaningful manner, taking into consideration the subscription scenarios disclosed in the Fund Raising Document. 2. In view of the above, following partial modific....

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....P: Provided that the minimum subscription required to be achieved shall be 50% in case where the funds raised can be deployed, so as to be aligned with the disclosed object of the issue in a manner that the implementation of the project remains viable and meaningful. For this, the Social Stock Exchange shall prior to granting in-principle approval for such partial fund raising, undertake ....