Beyond Grants: What Zero Coupon Zero Principal Instruments Mean for Not-for-Profit Organisations
On 27 May 2026, the Ministry of Corporate Affairs rewrote a small but consequential line in India’s CSR rules. Companies can now route part of their Corporate Social Responsibility spending into Zero Coupon Zero Principal (ZCZP) instruments issued by non-profits on the Social Stock Exchange. It is the first time India’s CSR framework and its […]