New Delhi, May 30 -- The government has widened the scope of Corporate Social Responsibility (CSR) by allowing companies to subscribe to 'zero coupon zero principal' instruments listed on the Social Stock Exchange.

The Ministry of Corporate Affairs (MCA) in a statement said it has widened the ambit of Schedule VII of the Companies Act 2013 by introducing a new item "Subscription to zero coupon zero principal instruments on Social Stock Exchange."

In order to further implementation of CSR through zero coupon zero principal instrument, the MCA has also amended the CSR Rules, 2014. Accordingly, the definition of 'Not for Profit Organization' and 'Zero Coupon Zero Principal Instrument' has been introduced for implementing CSR projects.

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