https://www.taxtmi.com/highlights?id=96878 The Master Circular consolidates the Social Stock Exchange (SSE) framework, rescinds prior SSE circulars while preserving actions taken under them, and sets operative requirements: NPO registration criteria (legal form, minimum age, financial thresholds, tax registrations), listing and public-issue procedure for Zero Coupon Zero Principal Instruments (ZCZP) including dematerialised non-transferability, minimum issue and subscription thresholds, and refund rules. It prescribes minimum initial disclosures, annual disclosures and Annual Impact Report (AIR) requirements (assessment by Social Impact Assessors), quarterly fund utilization statements, recognition of Self Regulatory Organizations for assessors, and constitution and terms of a Governing Council to oversee SSE functioning. en-us Fri, 13 Feb 2026 17:08:12 +0530 Fri, 13 Feb 2026 17:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96878 The Master Circular consolidates the Social Stock Exchange (SSE) framework, rescinds prior SSE circulars while preserving actions taken under them, and sets operative requirements: NPO registration criteria (legal form, minimum age, financial thresholds, tax registrations), listing and public-issue procedure for Zero Coupon Zero Principal Instruments (ZCZP) including dematerialised non-transferability, minimum issue and subscription thresholds, and refund rules. It prescribes minimum initial disclosures, annual disclosures and Annual Impact Report (AIR) requirements (assessment by Social Impact Assessors), quarterly fund utilization statements, recognition of Self Regulatory Organizations for assessors, and constitution and terms of a Governing Council to oversee SSE functioning. Highlights SEBI Fri, 13 Feb 2026 17:08:12 +0530 https://www.taxtmi.com/highlights?id=96878