The Securities and Exchange Board of India on 21st December, 2023 has issued the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2023. They shall come into force on the date of their publication in the Official Gazette.
The amendment provides that the public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization shall be as per procedure and other conditions specified by the Securities and Exchange Board.
