{"id":4576,"date":"2026-02-17T00:13:58","date_gmt":"2026-02-17T00:13:58","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=4576"},"modified":"2026-02-17T00:14:00","modified_gmt":"2026-02-17T00:14:00","slug":"sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/17\/sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds\/","title":{"rendered":"SEBI Consultation Paper Dated 09\/02\/2026 &#8211; Review of Minimum Investment to Boost Social Impact Funds\u00a0"},"content":{"rendered":"\n<p>The paper proposes reforms to strengthen the Social Stock Exchange (SSE) framework. The key changes include reducing the minimum investment by individual investors in Social Impact Funds (SIFs) under the AIF Regulations from Rs 2 lakh to Rs 1,000, aligning it with the existing minimum application size for Zero Coupon Zero Principal Instruments (ZCZP). It also proposes extending the registration period for Not for Profit Organizations (NPOs) on SSE from two years to three years without raising funds. Further, it suggests lowering the minimum subscription requirement for ZCZP issuances from 75% to 50% for projects structured on a per-unit basis, subject to due diligence by SSEs. The comments\/ feedback from stakeholders is invited.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sebi.gov.in\/reports-and-statistics\/reports\/feb-2026\/review-of-minimum-value-of-investment-by-individual-investors-in-social-impact-fund-under-sebi-aif-regulations-2012-and-review-of-requirements-related-to-registration-period-of-npos-and-minimum-subsc-_99628.html\"><em>(Link: SEBI Consultation Paper Dated 09\/02\/2026)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The paper proposes reforms to strengthen the Social Stock Exchange (SSE) framework. The key changes include reducing the minimum investment [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[95,52],"tags":[],"class_list":["post-4576","post","type-post","status-publish","format-standard","hentry","category-reports-for-public-comments","category-sebi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Consultation Paper Dated 09\/02\/2026 - Review of Minimum Investment to Boost Social Impact Funds\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/17\/sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI Consultation Paper Dated 09\/02\/2026 - Review of Minimum Investment to Boost Social Impact Funds\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The paper proposes reforms to strengthen the Social Stock Exchange (SSE) framework. The key changes include reducing the minimum investment [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/17\/sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T00:13:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T00:14:00+00:00\" \/>\n<meta name=\"author\" content=\"Yash Bhola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yash Bhola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/17\/sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/02\/17\/sebi-consultation-paper-dated-09-02-2026-review-of-minimum-investment-to-boost-social-impact-funds\/\"},\"author\":{\"name\":\"Yash Bhola\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c\"},\"headline\":\"SEBI Consultation Paper Dated 09\/02\/2026 &#8211; 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