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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Reiteration of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2023 Attachments SEBI (ICDR) (Third Amendment) Regulations, 2023.pdf Content Dear

16-Jan-2024 | BSE Notice No.20240116-43

BSE has reiterated Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2023. By virtue of this notification following amendments has been made to Regulation 292 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018:- 1. In regulation 292A (a) in clause (f), the word ''Auditor'' appearing in the words and expression ''Social Auditor'' shall be substituted with the words ''Impact Assessor'' and in clause (g) the word ''Audit'' appearing in the words and expression ''Social Audit Firm'' shall be substituted with the words ''Impact Assessment'' 2. In regulation 292C the retail investor are also given access to Social Stock Exchange along with institutional investors and non-institutional investors. 3. In regulation 292G A Social Enterprise being Not for Profit Organization may raise funds on a Social Stock Exchange through issuance of Zero Coupon Zero Principal Instruments to eligible investors. Previously only institutional and non-institutional investors were mentioned. 4. The existing regulation 292K shall be substituted with the regulation that ''The procedure and other conditions in respect of public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization shall be as specified by the Board.'' 5. The existing regulation 292M shall be substituted with the regulation that ''The contents of the fund raising document shall be as specified by the Board.'' 6. The existing regulation 292N shall be omitted.

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