Primacy of social intent required for Social Enterprise identification, with specified eligible activities and impact based thresholds. Regulation 292E mandates that Not for Profit organisations and For Profit Social Enterprises establish primacy of social intent by engaging in one or more specified eligible activities and by targeting underserved or less privileged populations or regions. For Profit Social Enterprises must show that the predominant portion of their activity benefits the target population, demonstrable via revenue, expenditure, or beneficiary/customer composition measures. Certain entities and activities, including corporate foundations, political or religious organisations, professional or trade associations, and most infrastructure and housing companies (except affordable housing), are ineligible for identification as Social Enterprises.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Primacy of social intent required for Social Enterprise identification, with specified eligible activities and impact based thresholds.
Regulation 292E mandates that Not for Profit organisations and For Profit Social Enterprises establish primacy of social intent by engaging in one or more specified eligible activities and by targeting underserved or less privileged populations or regions. For Profit Social Enterprises must show that the predominant portion of their activity benefits the target population, demonstrable via revenue, expenditure, or beneficiary/customer composition measures. Certain entities and activities, including corporate foundations, political or religious organisations, professional or trade associations, and most infrastructure and housing companies (except affordable housing), are ineligible for identification as Social Enterprises.
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