https://www.taxtmi.com/notifications?id=138845 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. en-us Mon, 25 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138845 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. Notifications SEBI Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138845