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Govt amends CSR norms; provides more leeway for companies
Companies can now invest up to ten percent of their Corporate Social Responsibility funds into special instruments. These instruments are called zero coupon zero principal instruments. They are issued by not-for-profit organizations. This investment will happen through a Social Stock Exchange. This move aims to simplify compliance for companies. It also helps not-for-profit organizations raise funds for public welfare projects.
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thehindubusinessline.com
India Inc gets a new CSR avenue through the Zero Coupon Zero Principal instrument
India allows companies to allocate 10% of CSR funds through Zero Coupon Zero Principal instruments, enhancing the Social Stock Exchange.
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Govt relaxes CSR norms to widen funding options for companies
The government has allowed companies to invest up to 10% of CSR funds in social stock exchange instruments issued by not-for-profit organisations.
