The Ministry of Corporate Affairs (MoCA) on May 29, 2026, issued a notification regarding CSR Funding through Social Stock Exchange Instruments.
The following has been stated:-
•The Ministry of Corporate Affairs (MCA) has expanded Schedule VII of the Companies Act, 2013 to permit CSR spending through subscription to Zero Coupon Zero Principal (ZCZP) Instruments listed on the Social Stock Exchange.
•Amendments to the CSR Policy Rules, 2014 introduce definitions for “Not for Profit Organisation” and “ZCZP Instrument” and prescribe implementation criteria under Rule 4A.
•The reform aims to ease compliance for companies while enabling NPOs to raise transparent and regulated funding for public welfare projects through the Social Stock Exchange.
•CSR expenditure on such instruments is capped at 10% of a company’s total annual CSR expenditure, effective through Gazette Notifications G.S.R. 415(E) and 416(E) dated May 27, 2026.
The detailed notification is given in the document below.
[Notification No.: 2266792]
