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The Securities and Exchange Board of India (SEBI) board has approved a regulatory framework for Index Providers with the objective of fostering transparency and accountability.
In this regard, the minimum issue size in case of public issuance of Zero Coupon Zero Principal Instruments (ZCZP) for NPOs on the social stock exchange will be reduced to Rs 50 lakh from Rs 1 crore.
The Securities and Exchange Board of India (SEBI) board has approved a regulatory framework for Index Providers with the objective of fostering transparency and accountability in the governance and administration of financial benchmarks in the securities market.
Get latest articles and stories on Business at LatestLY. The Securities and Exchange Board of India (SEBI) board has approved a regulatory framework for Index Providers with the objective of fostering transparency and accountability in governance and administration of financial benchmarks in the securities market. Business News | SEBI Approves Regulatory Framework for Index Providers.
Sebi said it has also permitted NPOs to disclose past social impact report in the fundraising document as per their existing practice subject to disclosure of key parameters such as number of beneficiaries, cost per beneficiary and administrative overhead.