The Securities and Exchange Board of India (SEBI) on March 07, 2025, issued the notification regarding the Consultation Paper on Review of the minimum application size for contribution towards subscription of Zero Coupon Zero Principal Instruments issued by Non-Profit Organizations on Social Stock Exchange.
The following has been stated namely: -
• Reference is drawn to circular SEBI/HO/CFD/PoD1/P/CIR/2022/120 dated September 19, 2022 regarding the Framework on Social Stock Exchange
• Social Stock Exchanges are taking steps for introducing Unified Payment Interface (UPI) facility to block funds for individual investors applying in ZCZP instrument for application value upto Rs. 5 Lakhs through Syndicate Members with (3-in-1 Account) and Registered Stock Broker/Syndicate Members
• SSEAC has recommended that minimum application size for ZCZP issuance may be reduced to Rs. five thousand or such other smaller amount so as to enable more retail participation in ZCZP issuances by NPO on SSE.
• The following has been stated for public consultation: -
o Should minimum application size for NPOs issuing ZCZP be reduced from the existing limit of Rs. Ten thousand?
a. If yes, should it be reduced to Rs. 5,000 (Rs. Five thousand only)?
b. If yes, should it be reduced to Rs. 1,000 (Rs. One thousand only)
• The comments/suggestions should be submitted by March 14, 2025 at: - https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComments=yes9.
