Central Government declares “zero coupon zero principal instruments” as securities for the purposes of the Securities Contracts (Regulation) Act, 1956 - S.O. 3210 (E) - SEBI
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Zero coupon zero principal instruments declared securities, requiring NPO issuance and Social Stock Exchange registration. Central Government classifies zero coupon zero principal instruments as securities under the Securities Contracts (Regulation) Act, 1956. A zero coupon zero principal instrument is defined as an instrument issued by a Not for Profit Organisation that is registered with the Social Stock Exchange segment of a recognised stock exchange in accordance with applicable regulations.
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.
Zero coupon zero principal instruments declared securities, requiring NPO issuance and Social Stock Exchange registration.
Central Government classifies zero coupon zero principal instruments as securities under the Securities Contracts (Regulation) Act, 1956. A zero coupon zero principal instrument is defined as an instrument issued by a Not for Profit Organisation that is registered with the Social Stock Exchange segment of a recognised stock exchange in accordance with applicable regulations.
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