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          <h1>Not for Profit Organizations can privately issue Zero Coupon Zero Principal Instruments to Social Impact Funds under SEBI Regulations.</h1> A Not for Profit Organization registered on a Social Stock Exchange can privately issue Zero Coupon Zero Principal Instruments to Social Impact Funds, as per the Securities and Exchange Board of India regulations. The rules applicable to public issuance of these instruments also apply to private issuance, following the provisions of the SEBI (Alternative Investment Funds) Regulations 2012. This procedure was inserted into the regulations on July 25, 2022.

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