Deemed compliance with securities contract rules: public issuance of zero coupon, zero principal instruments by registered NPOs treated as compliant. Public issuance of Zero Coupon Zero Principal Instruments by a registered Not For Profit Organization in accordance with the Social Stock Exchange regulations is deemed to comply with rule 19 of the Securities Contracts (Regulation) Rules, 1957, thereby treating such regulated public offers as satisfying the securities-contracts requirement without separate compliance.
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Provisions expressly mentioned in the judgment/order text.
Deemed compliance with securities contract rules: public issuance of zero coupon, zero principal instruments by registered NPOs treated as compliant.
Public issuance of Zero Coupon Zero Principal Instruments by a registered Not For Profit Organization in accordance with the Social Stock Exchange regulations is deemed to comply with rule 19 of the Securities Contracts (Regulation) Rules, 1957, thereby treating such regulated public offers as satisfying the securities-contracts requirement without separate compliance.
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