Social Stock Exchange updates: new NPO registration rules and procedures and conditions for Zero Coupon Zero Principal issuances. SEBI updates the SSE framework: NPO registration requires valid Income-tax registrations (12-month validity), disclosure of pending regulatory notices and fines, and 80G tax-deduction disclosure; social impact reporting must show past impact trends, beneficiary counts, cost per beneficiary and overheads. It establishes a public issuance procedure for Zero Coupon Zero Principal Instruments-draft filing, 21-day public comment, exchange observations within 30 days, and final filing-and mandates material disclosures. ZCZP must be dematerialized, non-transferable till maturity, have minimum issue Rs.50 lakhs, minimum application Rs.10,000, and minimum 75% subscription with refund below 75%; SSE to maintain allotment records and specify further issue norms.
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Social Stock Exchange updates: new NPO registration rules and procedures and conditions for Zero Coupon Zero Principal issuances.
SEBI updates the SSE framework: NPO registration requires valid Income-tax registrations (12-month validity), disclosure of pending regulatory notices and fines, and 80G tax-deduction disclosure; social impact reporting must show past impact trends, beneficiary counts, cost per beneficiary and overheads. It establishes a public issuance procedure for Zero Coupon Zero Principal Instruments-draft filing, 21-day public comment, exchange observations within 30 days, and final filing-and mandates material disclosures. ZCZP must be dematerialized, non-transferable till maturity, have minimum issue Rs.50 lakhs, minimum application Rs.10,000, and minimum 75% subscription with refund below 75%; SSE to maintain allotment records and specify further issue norms.
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