Youth destination IAS

Zero coupon, zero principal bond (ZCZP) declared securities

Share with Your Friends

Zero coupon, zero principal bond (ZCZP) declared securities

Recently Ministry of Finance has declared ZCZP as securities. Thus they are included in the list of securities under the Securities Contracts (Regulation) Act, 1956.

  • Presently this list includes shares, stocks, bonds, debentures etc.
  • ZCZP bonds are a funding tool for the projects of non-governmental organizations. These do not require the NGOs to pay the principal amount or make any other payment in lieu thereof after the completion of the project.
  • The government defines a ZCZP as an instrument issued by a non-profit organization. These shall be registered with the Social Stock Exchange of a recognized stock exchange.
  • This registration will be done as per the regulations of Securities and Exchange Board of India (SEBI).
  • This will help the organizations/corporates to utilize their social responsibility related funds. At the same time, it will also help non-profit organizations more transparently.

Source – The Hindu

Download Our App

More Current Affairs

Register For Latest Notification

Register Yourself For Latest Current Affairs

August 2022
M T W T F S S
« Jul    
1234567
891011121314
15161718192021
22232425262728
293031  

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Click to Join Our Current Affairs WhatsApp Group

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register now

Get Free Counselling Session with mentor

Hello!

Login to your account

Open chat
1
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes
https://online.youthdestination.in/