India: Corporate Governance

The Ministry of Corporate Affairs has introduced a new mechanism allowing companies to allocate up to 10% of their mandatory CSR spending toward Zero Coupon Zero Principal instruments issued by registered not-for-profit organizations on the Social Stock Exchange. This amendment creates a structured, market-based funding channel that exempts participating companies from certain impact assessment requirements while enabling NPOs to access capital through regulated exchanges.

India’s insolvency framework has, since the enactment of the Insolvency and Bankruptcy Code in 2016, been a work in continuous progress.

Environmental, Social and Governance (“ESG”) considerations have moved far beyond corporate sustainability reports and boardroom policy discussions. Today, ESG has become deeply embedded in infrastructure financing, project valuation, regulatory approvals, investment due diligence, and long-term asset bankability across India.