**Executive Summary**
This notification, issued by the Ministry of Corporate Affairs on May 27, 2026, amends Schedule VII of the Companies Act, 2013. The amendment introduces a new category of eligible activities by allowing subscriptions to zero coupon zero principal instruments on the Social Stock Exchange. These provisions come into force immediately upon their publication in the Official Gazette.
**Key Points / Main Content**
**Legislative Amendment**
* The Central Government has exercised its powers under sub-section (1) of section 467 of the Companies Act, 2013, to amend Schedule VII.
* This notification follows a series of previous amendments to the Schedule dating back to April 1, 2014.
**New Provision Insertion**
* A new item, designated as “(xiii)”, has been inserted into Schedule VII after the existing item (xii).
* The new entry specifically permits: “Subscription to zero coupon zero principal instruments on Social Stock Exchange.”
**Effective Date and Enforcement**
* The notification is effective from May 27, 2026, the date of its publication in the Official Gazette.
* The amendment was issued under the authority of the Joint Secretary to the Government of India.
**Impact Analysis**
**Companies (subject to the Companies Act, 2013)**
**Impact**
Companies now have a broad scope for activities under Schedule VII, specifically regarding financial contributions to social causes through recognized market instruments.
**Action Required**
Corporate entities should update their compliance and CSR (Corporate Social Responsibility) policies to include subscriptions to zero coupon zero principal instruments on Social Stock Exchanges as a valid activity.
**Social Stock Exchanges (SSE)**
**Impact**
These platforms are likely to see increased participation and capital inflow from corporate entities seeking to fulfill Schedule VII requirements.
**Action Required**
SSEs must ensure that their listing and subscription mechanisms for zero coupon zero principal instruments are aligned with this regulatory update to facilitate corporate subscriptions.
**Regulatory and Enforcement Authorities**
**Impact**
The Ministry of Corporate Affairs and related regulators are now responsible for overseeing this new category of activity within the framework of the Companies Act.
**Action Required**
Authorities must incorporate the tracking of these specific instruments into their monitoring and reporting systems for corporate compliance.
Key Entities Referenced
Companies Act, 2013: The primary legislation governing company regulations in India, under which the Central Government exercised powers to amend CSR activity provisions.
Schedule VII of the Companies Act, 2013: The specific schedule listing activities eligible for Corporate Social Responsibility (CSR) expenditure, which this notification amends.
Social Stock Exchange: The platform where subscriptions to specific financial instruments are now recognized as valid CSR activities under the amended rules.
Ministry of Corporate Affairs: The central ministry responsible for administering the Companies Act and issuing this regulatory notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-29052026-272932
CG-DxLx-xEG-I2D9H0x5x2x0 26-272932
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 375] नई दिल्ली, बुधिार, मई 27, 2026/ज्र् ष्े ठ 6, 1948
No. 375] NEW DELHI, WEDNESDAY, MAY 27, 2026/JYAISHTHA 6, 1948
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 27 मई, 2026
सा.का.जन. 416(अ).— केन्द्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 467 की उप-धारा
(1) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, उि अजधजनर्म की अनुसूची 7 का जनम्नजलजखत और संिोधन करती ह,ै
अर्ायत:् —
उि अनुसूची म,ें मि (xii) और उससे संबंजधत प्रजिजिर्ों के पश्चात, जनम्नजलजखत मि और प्रजिजि अंतःस्ट्र्ाजपत की
िाएगी, अर्ायत:् -
“(xiii) सामाजिक स्ट्टॉक एक्सचेंि पर िून्द्र् कूपन िून्द्र् मलू जलखतों म ें अजभिान।”
2. र्ह अजधसूचना रािपत्र म ेंइसके प्रकािन की तारीख को प्रिृत्त होगी।
[ई-फा. स.ं सीएसआर-10/13/2025-सीएसआर-एमसीए]
राहुल िनै , संर्ुि सजचि
टटप्पण : अनुसूची 7, 1 अप्रलै , 2014 को प्रिृत्त हुई र्ी और तत्पश्चात, अजधसूचना संख्र्ा सा.का.जन. 130(अ), तारीख 27
फरिरी, 2014, सा.का.जन. 568(अ), तारीख 6 अगस्ट्त, 2014, सा.का.जन. 741(अ), तारीख 24 अक्टूबर, 2014,
सा.का.जन. 390(अ), तारीख 30 मई, 2019, सा.का.जन. 776(अ), तारीख 11 अक्टूबर, 2019, सा.का.जन. 313(अ),
तारीख 26 मई, 2020, सा.का.जन. 399(अ), तारीख 23 िून, 2020 और सा.का.जन. 525(अ), तारीख 24 अगस्ट्त, 2020
द्वारा संिोजधत की गई र्ी।
3784 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 27th May, 2026
G.S.R. 416(E).— In exercise of the powers conferred by sub-section (1) of section 467 of the Companies
Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments in the Schedule VII
to the said Act, namely: —
In the said Schedule, after item (xii) and the entries relating thereto, the following item and entry shall be
inserted, namely:-
“(xiii) Subscription to zero coupon zero principal instruments on Social Stock Exchange."
2. This notification shall come into force on the date of its publication in the Official Gazette.
[e-F. No. CSR-10/13/2025-CSR-MCA]
RAHUL JAIN, Jt. Secy.
Note. —The Schedule VII was brought into force with effect from 1st April, 2014 and was subsequently amended vide
notification number GSR 130(E), dated the 27th February, 2014, GSR 568(E), dated the 6th August, 2014, GSR
741(E), dated 24th the October, 2014, GSR 390(E), dated the 30th May, 2019, GSR 776(E), dated the 11th October,
2019, GSR 313(E), dated the 26th May, 2020, GSR 399(E), dated the 23rd June, 2020 and GSR 525(E), dated the
24th August, 2020.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.