Latest compliance updates:

  • EPF wage ceiling fixed at ₹15,000/month under the Social Security Code: The Ministry of Employment & Labour has notified the wage ceiling for Employees' Provident Fund (EPF) membership under the new Social Security Code — and it stays the same as before. If your organisation contributes to EPF, here's what this means for you. Read the update
  • Subscribing to ZCZP instruments on the Social Stock Exchange now counts as CSR: Zero Coupon Zero Principal (ZCZP) instruments are issued by NPOs listed on the Social Stock Exchange (SSE), a SEBI-regulated platform for social sector fundraising. When a company subscribes to a ZCZP instrument, it directs funds to an NPO's work with no interest paid and no principal returned — making it a purely social investment. The government has now amended Schedule VII of the Companies Act 2013 to recognise this as an eligible Corporate Social Responsibility (CSR) activity. See what changed
  • New CSR Policy Rules notified to operationalise the ZCZP route: The Ministry of Corporate Affairs has now put the rules in place to make the above change actionable — including a cap on how much of a company's CSR budget can go through this route, and a compliance exemption for organisations receiving these funds. Read the rules

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Team PATTIC

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