Home  / SEBI & Capital Markets / Social Stock Exchange Registration

Social Stock Exchange License – Expertvuw
SEBI · Social Stock Exchange

Social Stock Exchange Registration for NGOs – ZCZP Fundraising on NSE and BSE

Last updated: 2 October 2026

The Social Stock Exchange (SSE) lets eligible not-for-profit organisations register with a stock exchange and raise funds through Zero Coupon Zero Principal (ZCZP) instruments. Expertvuw’s team checks eligibility, prepares registration documents and sets up the disclosure framework.

Overview

How the Social Stock Exchange Works

The Social Stock Exchange is a separate segment of NSE and BSE, set up under SEBI’s ICDR and LODR framework, for social enterprises. Eligible not-for-profit organisations (NPOs) — such as charitable trusts, societies and Section 8 companies, including those registered under specified income-tax provisions — must first register on the SSE before raising funds.

NPOs raise funds mainly through Zero Coupon Zero Principal (ZCZP) instruments, which pay no interest and do not repay principal; donors effectively fund a specific project and receive impact reports. SEBI reduced the minimum ZCZP issue size to ₹50 lakh and, in March 2025, the minimum application size to ₹1,000, making retail participation easier.

Registered NPOs must make annual disclosures, and those that raise funds must publish an annual impact report assessed by a social impact assessor.

Basis: SEBI (ICDR) Regulations, 2018 – Chapter X-A; SEBI (LODR) Regulations, 2015 – Chapter IX-A; SEBI circulars on the Social Stock Exchange (including March 2025); NSE and BSE SSE guidelines. Last updated: 27 September 2026.

Talk to Our Team →
What This Service Covers

What We Help With

1

Checking NPO eligibility for SSE registration

2

Preparing registration documents for NSE or BSE SSE

3

Planning a ZCZP issue for a specific project

4

Coordinating with the social impact assessor and exchange

5

Annual disclosures and impact reporting

Key SSE Facts

Register first

NPOs must register on the SSE before raising funds.

ZCZP instruments

Zero Coupon Zero Principal instruments pay no interest and return no principal.

Minimum issue size

₹50 lakh for ZCZP issues.

Minimum application

₹1,000, following SEBI's March 2025 change.

Tax benefit

Subscriptions to ZCZP may qualify as eligible donations for donor deduction, subject to the tax law.

Impact reporting

NPOs that raise funds must publish annual impact reports.

Common Issues

Common Issues

Most SSE issues relate to readiness and reporting.

N

P

P

r

I

m

Related Services

Related services

SSE registration connects with these services.

12A & 80G Registration

Tax registration for NGOs.

NGO Compliance

Annual compliance for NGOs.

CSR Compliance

CSR funding compliance.

NITI Aayog Darpan

NGO Darpan registration.

Documents Required

Documents we need from you

NPO Documents

Project & Governance

Our Process

How the Process Works

1

Eligibility

Check NPO eligibility.

2

Registration

Apply to register on the SSE.

3

Project

Define the project and outcomes.

4

Issue

Prepare and file the ZCZP offer document.

5

Raise

Open the issue to donors.

6

Report

Publish impact reports.

Talk to Our Team →
After Registration

After Registration

SSE registration brings ongoing disclosures.

A

n

U

t

A

n

M

a

Get in Touch

Share your query and our team will reply during business hours.






    FAQs

    Frequently Asked Questions

    What is the Social Stock Exchange?

    A segment of NSE and BSE where eligible not-for-profit organisations can register and raise funds, mainly through ZCZP instruments.

    Eligible NPOs such as charitable trusts, societies and Section 8 companies meeting SEBI’s criteria.

    A Zero Coupon Zero Principal instrument that pays no interest and does not return principal; it funds a specific social project.

    ₹1,000, following SEBI’s March 2025 change.

    Yes. NPOs that raise funds must publish annual impact reports assessed by a social impact assessor.

    About Expertvuw

    Who Handles Your SSE Registration

    CS Chetna Shoor, Company Secretary and Director, Expertvuw

    CS Chetna Shoor

    ACS – Director, Expertvuw Management Pvt Ltd

    SEBI applications and filings are prepared by Expertvuw’s team. Certificates, audits and due diligence that SEBI regulations reserve for practising professionals or registered intermediaries are provided by independent registered professionals, and representation before SEBI or SAT is made by advocates or authorised professionals.

    Expertvuw Management Pvt Ltd