CSR: a new rule, made simple

🏢➜🤝

Notified 27 May 2026 · effective the same day

What is CSR?

📚
Education
🩺
Health
🌱
Environment

Schedule VII is the official list of activities that count.

Meet the ZCZP

Zero coupon
no interest
Zero principal
no money back
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Who can issue them?

✅ Eligible not-for-profit
✅ Registered on the Social Stock Exchange

A public platform for social causes to raise funds openly.

The big change

Buying ZCZP instruments
➜
Counts as CSR ✔

The 10% limit

10%

maximum through ZCZP

Example

Total CSR: ₹100 crore

Up to ₹10 crore in ZCZP · at least ₹90 crore elsewhere

In short

✔ Counts as CSR
✔ Max 10% of yearly CSR
✔ Follow the conditions

Always check the official notification (G.S.R. 415(E) and 416(E)) for full details.