MCA has included subscriptions to Zero Coupon Zero Principal instruments within the CSR compliance framework as per the amended Schedule VII.
MCA Adds CSR Instruments to Compliance List
The Ministry of Corporate Affairs has amended Schedule VII of the Companies Act to include subscriptions to Zero Coupon Zero Principal instruments listed on the Social Stock Exchange as part of the CSR compliance framework.
This integration enhances the breadth of CSR activities permissible under the law, providing companies with innovative ways to contribute to social causes. Entities should ensure compliance with the new requirements as part of their CSR strategies.
Legal practitioners should provide clients with detailed guidance on this amendment to optimize their CSR investments and ensure adherence to the updated legal framework.
