Corporate Social Responsibility through zero coupon zero principal instruments is permitted with expenditure cap, project duration limits, and compliance transfer rules. Corporate Social Responsibility activities may be implemented through a zero coupon zero principal instrument, subject to a ceiling of ten per cent of the company's total CSR expenditure. The subscribing company is exempted from impact assessment for any project funded through the instrument. The issuing not-for-profit organisation must complete the project within three succeeding financial years, transfer any unspent amount to a Schedule VII fund on termination of listing, and submit a compliance report.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporate Social Responsibility through zero coupon zero principal instruments is permitted with expenditure cap, project duration limits, and compliance transfer rules.
Corporate Social Responsibility activities may be implemented through a zero coupon zero principal instrument, subject to a ceiling of ten per cent of the company's total CSR expenditure. The subscribing company is exempted from impact assessment for any project funded through the instrument. The issuing not-for-profit organisation must complete the project within three succeeding financial years, transfer any unspent amount to a Schedule VII fund on termination of listing, and submit a compliance report.
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