SEBI Extends SSE Registration Validity, Eases Fundraising Norms For NPOs
Last Updated: 16th April 2026 - 04:47 pm
Summary:
SEBI has extended the registration validity for not-for-profit organisations on the Social Stock Exchange to three years and reduced the minimum subscription requirement for Zero Coupon Zero Principal instruments to 50%, aiming to ease fundraising and improve participation, according to a regulatory circular.
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The Securities and Exchange Board of India (SEBI) has extended the registration validity period for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE) to three years, allowing them to remain listed without raising funds during this period, as per a circular issued by the regulator on April 16.
The move increases the earlier validity window of two years by an additional one year, subject to SSE approval. As per SEBI, the amendment caters to issues such as difficulties with obtaining statutory and regulatory approvals.
Extension of Registration Window
Through the new amendment, NPOs can get themselves registered on the SSE platform, and may refrain from raising money for as long as two years after registering. This period can be extended by one additional year with approval from the exchange, taking the total validity to three years.
SEBI stated that the change is intended to provide flexibility and facilitate smoother onboarding for organisations seeking to access the SSE platform.
Subscription Requirement Reduced
In a parallel step, SEBI has reduced the minimum subscription requirement for issuance of Zero Coupon Zero Principal (ZCZP) instruments to 50% from the earlier 75%, subject to specific conditions.
The relaxation applies only to projects where implementation can be carried out on a clearly identifiable per-unit basis. The regulator said this ensures that even partial fundraising can be meaningfully deployed without affecting project viability.
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