MCA facilitates Corporate Social Responsibility (CSR) through Zero Coupon Zero Principal Instrument by expanding the scope of Schedule VII of the Companies Act, 2013

India, May 29 -- The Government of India has issued a release:

In line with the vision of Viksit Bharat, the Ministry of Corporate Affairs has widened the ambit of Schedule VII by introducing a new item no. (xiii) i.e. "Subscription to zero coupon zero principal instruments on Social Stock Exchange." Ministry of Corporate Affairs (MCA), Govt. of India has facilitated Corporate Social Responsibility (CSR) through Zero Coupon Zero Principal Instrument by expanding the scope of Schedule VII of the Companies Act, 2013. Further, in order to facilitate the implementation of CSR through Zero Coupon Zero Principal Instrument, amendment in the CSR Policy Rules, 2014 has been made wherein definition of 'Not for Profit Organization' and 'Zero Coupon ...