SEBI amends Rules for Zero Coupon Zero Principle Instruments
On 28th December, 2023, Securities and Exchange Board of India (SEBI) modified the rules for public issuance of ‘zero coupon zero principle’ instruments by not-for-profit organisations (NPOs) and listing of such instruments on the Social Stock Exchange (SSE).
Modifications Made
Filing the Draft Fundraising Document
- An NPO, through the lead manager, is required to file the draft fundraising document with the SSE and an application seeking in-principle approval for listing the instrument on the SSE.
30 Days Time Limit
- The SSE will provide its observation on the draft fundraising document to the NPO within 30 days from the filing ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 RBI Increases Collateral-Free Agricultural Loan Limit
- 2 Parliamentary Committee Report on Agriculture Distress
- 3 RBI Committee on FREE-AI
- 4 State Finances: A Study of Budgets of 2024-25
- 5 55th Meeting of the GST Council
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 Committee of Creditors
- 8 MuleHunter.AI: Combating the Issue of Mule Accounts
- 9 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 10 India-ADB Agreement under SMILE Program
