Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/162 - SEBI
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Impact Assessment terminology replaces social audit terms, expanding investor access and vesting issuance procedures with Board specified conditions. The amendment replaces 'Social Auditor' and social audit firm terminology with 'Impact Assessor' and 'Impact Assessment', broadens investor access by removing limiting language and adding retail investors, and substitutes references to institutional/non institutional investors with 'eligible investors'. It substitutes Regulation 292K to require the Board to specify procedure and conditions for public issuance of Zero Coupon Zero Principal Instruments by NPOs, substitutes Regulation 292M to require the Board to specify fund raising document contents, and omits Regulation 292N.
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.
Impact Assessment terminology replaces social audit terms, expanding investor access and vesting issuance procedures with Board specified conditions.
The amendment replaces "Social Auditor" and social audit firm terminology with "Impact Assessor" and "Impact Assessment", broadens investor access by removing limiting language and adding retail investors, and substitutes references to institutional/non institutional investors with "eligible investors". It substitutes Regulation 292K to require the Board to specify procedure and conditions for public issuance of Zero Coupon Zero Principal Instruments by NPOs, substitutes Regulation 292M to require the Board to specify fund raising document contents, and omits Regulation 292N.
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