https://www.taxtmi.com/circulars?id=69654 Registration of a Not for Profit Organization on a Social Stock Exchange may continue without fund raising for two years, with a possible one-year extension subject to approval. The minimum subscription requirement for issuance of Zero Coupon Zero Principal Instruments is reduced to 50% where the Social Stock Exchange undertakes due diligence and is satisfied that the funds can be deployed in a meaningful manner consistent with the disclosed objects of the issue. In case of under-subscription, the NPO must disclose how the balance capital will be raised and the impact on social objectives, and refund the funds if the minimum subscription is not achieved. en-us Wed, 15 Apr 2026 00:00:00 +0530 Thu, 16 Apr 2026 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69654 Registration of a Not for Profit Organization on a Social Stock Exchange may continue without fund raising for two years, with a possible one-year extension subject to approval. The minimum subscription requirement for issuance of Zero Coupon Zero Principal Instruments is reduced to 50% where the Social Stock Exchange undertakes due diligence and is satisfied that the funds can be deployed in a meaningful manner consistent with the disclosed objects of the issue. In case of under-subscription, the NPO must disclose how the balance capital will be raised and the impact on social objectives, and refund the funds if the minimum subscription is not achieved. Circulars SEBI Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69654