What is Social Stock Exchange, How to register raise fund in Social Stock Exchange, CSR Funds, NGO Social Stock Exchange Registration & Listing Process For Trusts, Society Section-8 Companies NPO
SOCIAL STOCK EXCHANGE REGISTRATION PROCESS AT NSE OR BSE
Can you imagine in the same manner in which company raising the money from public the NGO like Trust/ Society/ or Section 8 Company can raise the money from the public on the stock exchange. Today we’re here to discuss how to section 8 company, trust and society and raise the fund from the stock exchange this method is called the social stroke exchange in which the any type of NGO can register and thereafter after appointing the social Auditor issue zero based 0 coupon securities on this platform. If you are facing the problem of not receiving the funds for achieving the object of the NGO this method is helpful for you if you want to make a big NGO by issuing the securities.
PROCESS OF REGISTRATION ON THE SOCIAL STOCK EXCHANGE
1. First of all understand what are the eligibility criteria to register on the social stock exchange like net worth and how much of years is experiencing recruitment and document requirement
2. Thereafter applicant will appoint the social loiter for auditing the accounts of the social enterprises and thereafter the applicant will apply for the registration.
3. After completing these requirement the applicant will arrange all the required documents for the registration on the social stock exchange.
4. Thereafter applicant will apply for the registration along with the required documents and after submit complete application form with the NSE or BSE.
5. Thereafter after submission of the application the NSE and BSE will evaluate the application is found correct and complete in all respect and document is complete then BSE and NSE will approve the application and issue a certificate of registration
CRITERIA OF ELIGIBILITY TO REGISTER ON SOCIAL STOCK EXCHANGE
1. The NGO must hold certificate under section 12A, 12AA AND 12AB and 80G.
2. The envy must have a experience of at least three years in social cause.
3. In preceding three years at least 67% of revenue or expenses from past three years have been used to provide social activities.
4. Mention how the fund will be used for achieving the objects of the NGO.
5. you must have a experience of at least three yrs before filing an application Social enterprises.
6. The applicants shall have a certificate of 80G and DARPAN Registration.
NECESSARY DOCUMENTS TO REGISTER ON SOCIAL STOCK EXCHANGE
1. Certificate of registration, MOA and rules and regulations and members list.
2. The received or payment of an annual spending of at least 50,00,000.
3. Receipt and payment of the funding made in the past financial year of at least 10,00,000.
4. proof of ownership of organisation.
5. Copy of pan card And TAN number.
CHECKLIST TO REGISTER ON THE SOCIAL EXCHANGE IN INDIA
1. Certificate of registration of organisation.
2. PROOF of ownership of organisation.
3. The organisation must submit an annual AUDIT report of at least three years.
4. Confirmation from social stock exchange is a fulfil the eligibility criteria of the social enterprises.
5. Confirmation from chartered accountant in annexure-2.
TIMELINE TO REGISTER ON SOCIAL STOCK EXCHANGE IN INDIA
After submission of the application for registration of the social stock exchange it will take around 10 to 15 days for a registration if stock exchange founds any ambiguity in the application and the documents are incomplete then stock exchange and will issue a clarification and you will submit a reply within 30 days from the issuing of the clarification
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Feel free to contact if you have any query related to the Social stock exchange on 8279255794 and you can find me on YouTube by CS PIYUSH GOYAL.
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