Question
Which kind of following financial instruments can be
issued by Non-Profit Organizations as per the framework provided by SEBI for Social Stock exchanges?Solution
The government on July 16 declared the zero-coupon, zero-principal instruments as securities that can be listed on particular exchanges. According to the said notification, “zero coupon zero principal instrument” is an instrument issued by a not-for-profit organisation that will be registered with the social stock exchange segment of a recognised stock exchange in accordance with the Securities and Exchange Board of India (Sebi) regulations.
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