Companies CSR Policy Amendment Rules 2026
The Gazette of India
CG-DL-E-29052026-272930
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 374] NEW DELHI, WEDNESDAY, MAY 27, 2026/JYAISHTHA 6, 1948
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 27th May, 2026
G.S.R. 415(E).— In exercise of the powers conferred by section 135 and sub-sections (1) and (2) of section
469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to
amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:-
1. Short title and commencement. – (1) These rules may be called the Companies (Corporate Social Responsibility
Policy) Amendment Rules, 2026.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Corporate Social Responsibility Policy) Rules, 2014 (hereinafter referred to as the said rules), in
rule 2, in the sub-rule (1), –
(i) after clause (h), the following clause shall be inserted, namely: –
‘(ha) “Not for Profit Organization” has the same meaning as in clause (e) of regulation 292A of the Securities
and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.’;
(ii) after clause (k), the following clause shall be inserted, namely: –
‘(l) “zero coupon zero principal instrument” means an instrument declared as a security that is issued by a Not
for Profit Organization registered with the Social Stock Exchange segment of a recognised Stock Exchange in
accordance with the regulations made by the Securities and Exchange Board of India.’.
3. In the said rules, after rule 4, the following rule shall be inserted, namely:-
“4A Corporate Social Responsibility implementation through zero coupon zero principal instrument.-
(1) A company may carry out Corporate Social Responsibility activities through a zero coupon zero principal
instrument:
Provided that the expenditure incurred for such instrument shall not exceed ten percent of the total Corporate Social
Responsibility expenditure of such company for that financial year.
(2) The company that has subscribed in a zero coupon zero principal instrument shall be exempted from undertaking
impact assessment of any project funded by such an instrument.
(3) The Not for Profit Organisation issuing the zero coupon zero principal instrument and raising fund therefrom shall
–
(a). undertake a project with a duration not more than three succeeding financial years from the issue of such
zero coupon zero principal instrument; and
(b). on termination of listing of such zero coupon zero principal instrument, transfer the unspent amount to any
fund included in Schedule VII to the Act and submit its compliance report to the Securities Exchange Board
of India;
(4) The provisions of rule 4, except sub-rules (5) and (6) shall be applicable to the implementation of Corporate Social Responsibility through a zero coupon zero principal instrument.”
[e-F. No. CSR-10/13/2025-CSR-MCA]
RAHUL JAIN, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),
vide notification number G.S.R. 129(E), dated the 27th February, 2014 and subsequently amended by notification
numbers G.S.R. 644(E), dated the 12th September, 2014, G.S.R. 43(E), dated the 19th January, 2015, G.S.R. 540(E),
dated the 23rd May, 2016, G.S.R. 895(E), dated the 19th September, 2018, G.S.R. 526(E), dated the 24th August, 2020, G.S.R. 40(E), dated the 22nd January, 2021, G.S.R. 715(E), dated the 20th September, 2022 and G.S.R. 452(E), dated
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