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Why in the News?
Recently, the Ministry of Finance has declared ZCZP as securities, For the purpose of the Securities Contracts (Regulation) Act, 1956.Key Points:
- Presently, this list includes shares, scrips, stocks, bonds, debentures, etc.
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- This instrument will be governed by rules made by the Securities and Exchange Board of India (SEBI).
- ZCZP bonds are the funding instrument for the NGOs projects, on which the NGOs are not required to pay principal or pay interest after completion of the project.
