The Securities and Exchange Board of India (Sebi) has announced significant changes to the registration process for not-for-profit organizations (NPOs) on the Social Stock Exchange (SSE). The registration validity has been extended from two years to three years, allowing NPOs to remain registered without the immediate need to raise funds. This decision addresses practical challenges faced by NPOs, such as delays in obtaining necessary approvals. Furthermore, Sebi has reduced the minimum subscription requirement for issuing Zero Coupon Zero Principal Instruments (ZCZP) from 75% to 50%. This adjustment aims to enhance fundraising flexibility, especially for projects with clearly identifiable costs and outcomes. Sebi emphasized that funds raised at this lower threshold must still be effectively utilized for the intended objectives, with due diligence required prior to granting approval for partial fundraising. In a related move, Sebi had previously approved a reduction in the minimum investment for individual investors in social impact funds to ₹1,000 (roughly $12 USD) from ₹2 lakh (roughly $2,400 USD), promoting wider retail participation and easing fundraising for NPOs.