Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/90 - SEBI
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Social Stock Exchange enables registration and targeted fund raising via non principal zero coupon instruments and listed securities. Creates a Social Stock Exchange segment permitting registration of Not for Profit Organizations and identification of For Profit Social Enterprises, and allows fund raising through Zero Coupon Zero Principal Instruments (issued only by registered Not for Profit Organizations for specified projects), donations via mutual funds, and equity/debt routes for For Profit Social Enterprises. Sets eligibility (primacy of social intent, targeted underserved populations, 67% activity threshold), disclosure and public consultation on fund raising documents, issuance conditions (dematerialization, tenure, subscription thresholds), ineligibility grounds, and termination rules for listings.
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 Stock Exchange enables registration and targeted fund raising via non principal zero coupon instruments and listed securities.
Creates a Social Stock Exchange segment permitting registration of Not for Profit Organizations and identification of For Profit Social Enterprises, and allows fund raising through Zero Coupon Zero Principal Instruments (issued only by registered Not for Profit Organizations for specified projects), donations via mutual funds, and equity/debt routes for For Profit Social Enterprises. Sets eligibility (primacy of social intent, targeted underserved populations, 67% activity threshold), disclosure and public consultation on fund raising documents, issuance conditions (dematerialization, tenure, subscription thresholds), ineligibility grounds, and termination rules for listings.
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