MCA facilitates CSR through Zero Coupon Zero Principal Instrument

The Ministry of Corporate Affairs (MCA) has amended Schedule VII of the Companies Act, 2013, to include "Subscription to zero coupon zero principal instruments on Social Stock Exchange" as an eligible CSR activity. This allows companies to deploy up to 10% of their annual CSR expenditure through these instruments, providing a new avenue for funding Not-for-Profit Organizations (NPOs) listed on social stock exchanges.

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