Govt amends CSR norms; provides more leeway for companies

Wait 5 sec.

Companies can now invest up to ten percent of their Corporate Social Responsibility funds into special instruments. These instruments are called zero coupon zero principal instruments. They are issued by not-for-profit organizations. This investment will happen through a Social Stock Exchange. This move aims to simplify compliance for companies. It also helps not-for-profit organizations raise funds for public welfare projects.