The Department of Economic Affairs vide notification dated15th July, 2022 has declared the “zero coupon zero
principal instruments” as securities for the purposes of the Securities Contracts (Regulation) Act, 1956.
It is further clarified that “zero coupon zero principal instrument” means an instrument issued by a Not for Profit organization which shall be registered with Social Stock Exchange segment of a recognized Stock Exchange in accordance with the regulations made by the Securities and Exchange Board of India.
