The Securities and Exchange Board of India (Sebi) has extended the registration validity period for not-for-profit organisations (NPOs) on the Social Stock Exchange to three years from the earlier two years.
Under the revised framework, NPOs can remain registered on the SSE for up to three years without raising funds. Additionally, Sebi has eased fundraising norms by reducing the minimum subscription requirement for issuing Zero Coupon Zero Principal (ZCZP) instruments.
The move is aimed at enhancing participation on the Social Stock Exchange, improving ease of fundraising, and encouraging more NPOs to tap into the platform.