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<h1>Regulator updates capital and disclosure rules introducing accredited angel investors, expanding dematerialisation, widening promoter definitions, updating social exchange norms</h1> The regulator issued amendments to the Issue of Capital and Disclosure Requirements Regulations, 2018, introducing accredited investors for angel funds, expanding categories whose specified securities must be dematerialised before filing a draft offer, and clarifying resale treatment for shares acquired under court/tribunal/Government schemes. It broadens entities treated as promoters/related parties, updates Social Stock Exchange norms (definitions, social impact assessor qualifications, social enterprise targeting and For-Profit wording, limits on not-for-profit registration/use of listed projects), and revises placement document requirements (definitions, risk factors, capitalization, financial disclosures, litigation materiality and numbering). Most amendments are effective on Gazette publication; certain clauses commence 30 days thereafter.