Social impact fund regulation requires predominant investment in unlisted social enterprises and permits issuance of social units. Amendments define social impact fund, social enterprise, not for profit organization, social stock exchange and social units; permit issuance of social units; require each scheme of a social impact fund to maintain a minimum corpus; reduce the minimum individual investment where investment is solely in securities of not for profit organizations listed or registered on a social stock exchange; mandate that at least seventy-five percent of investable funds be invested in unlisted securities or partnership interests of social ventures or in securities of social enterprises; allow existing funds with investor consent to deploy remaining funds in securities of not for profit organizations on a social stock exchange; and permit exclusive not for profit organization schemes to invest one hundred percent in such securities.
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.
Social impact fund regulation requires predominant investment in unlisted social enterprises and permits issuance of social units.
Amendments define social impact fund, social enterprise, not for profit organization, social stock exchange and social units; permit issuance of social units; require each scheme of a social impact fund to maintain a minimum corpus; reduce the minimum individual investment where investment is solely in securities of not for profit organizations listed or registered on a social stock exchange; mandate that at least seventy-five percent of investable funds be invested in unlisted securities or partnership interests of social ventures or in securities of social enterprises; allow existing funds with investor consent to deploy remaining funds in securities of not for profit organizations on a social stock exchange; and permit exclusive not for profit organization schemes to invest one hundred percent in such securities.
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