MCA Expands CSR Framework with Zero Coupon Zero Principal Instrument
The Ministry of Corporate Affairs has expanded Schedule VII of the Companies Act, 2013, to include the issuance of Zero Coupon Zero Principal instruments for Corporate Social Responsibility. This amendment allows Not for Profit Organisations to raise funds through these instruments on the Social Stock Exchange, in alignment with Securities and Exchange Board of India's regulations. The new amendment aims to streamline CSR compliance and enhance transparency in public welfare project funding.
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