Zero Coupon Zero Principal Bond Declared Securities
On 16th July, 2022, the Finance Ministry declared Zero Coupon Zero Principal Instruments (ZCZP) as securities.
- The move came after the recommendations of a working group formed by the SEBI.
- In September2021, the SEBI board approved a framework for SSE through which ZCZP can be issued.
- The notification also declared the inclusion of ZCZP in the list of securities under Securities Contracts (Regulation) Act, 1956.
Recommendations of Working Group
- ZCZP bonds should be listed on the social stock exchange (SSE).
- It has been proposed that the minimum issue size of ZCZP will be ₹1 crore while the minimum application size shall be ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 India Lists First Mortgage-Backed Pass Through Certificates on NSE
- 2 Bond Forward in G-Secs
- 3 4th Phase of Consolidation of Regional Rural Banks
- 4 SIDBI’s Report on MSME Sector
- 5 Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
- 6 RBI’s Surplus Transfer: A Catalyst for India’s Economic Growth
- 7 RBI’s Digital Lending Directions 2025
- 8 RBI Recognises FIMMDA as SRO
- 9 MSP for Jute
- 10 Expansion of the Credit Guarantee Scheme for Startups