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    <title>MCA facilitates Corporate Social Responsibility (CSR) through Zero Coupon Zero Principal Instrument by expanding the scope of Schedule VII of the Companies Act, 2013</title>
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    <description>Corporate Social Responsibility has been expanded to include subscription to zero coupon zero principal instruments on the Social Stock Exchange, with Schedule VII widened to cover this activity. The CSR Policy Rules, 2014 now define Not for Profit Organization and Zero Coupon Zero Principal Instrument and prescribe conditions for implementation through such instruments under Rule 4A. The framework assigns project execution and evaluation to the NPO, requires issuance in accordance with Securities and Exchange Board of India regulations, and caps company expenditure on such instruments at ten per cent of annual CSR spend.</description>
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