In May 2026, which of the following did the Corporate Affairs Ministry say could be used for eligible corporate social responsibility expenditure after expanding Schedule VII of the Companies Act?
Question and options
In May 2026, which of the following did the Corporate Affairs Ministry say could be used for eligible corporate social responsibility expenditure after expanding Schedule VII of the Companies Act?
- Sovereign Gold Bond
- Zero Coupon Zero Principal instrument
- Floating Rate Savings Bond
- Treasury bill
Answer and explanation
Correct answer: B - Zero Coupon Zero Principal instrument
On 29 May 2026, the Ministry explained the changes enabling eligible corporate social responsibility spending through Zero Coupon Zero Principal instruments. The announcement linked the instrument to the expansion of Schedule VII.
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