Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2022

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....e Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely, - 1. These Regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2022. 2. They shall come into force on the date of their publication in the Official Gazette: 3. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012,- I. In sub-regulation (1) of regulation 2, i. After clause (q), the following clause (qa) shall be inserted, namely, - "(qa) "not for profit organization" shall have the same meaning as assigned to it in clause (e)....

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....ituted with the symbol ":". b. after clause (a), the following proviso shall be inserted, namely,- "Provided that a social impact fund or schemes of a social impact fund may also issue social units;" ii. in clause (b), a. the symbol ";" shall be substituted with the symbol ":". b. after clause (b), the following proviso shall be inserted, namely,- "Provided that each scheme of the social impact fund shall have a corpus of at least five crore rupees;" iii. in clause (c), a. in the second proviso, the symbol ";" shall be substituted with the symbol ":". b. after the second proviso, the following proviso shall be inserted, namely,- "Provided further ....

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....ties of not for profit organizations registered or listed on a social stock exchange." v. in clause (c), after the words "social ventures" and before the symbol and word ", provided", the words "or social enterprises" shall be inserted. vi. clause (d) shall be omitted. vii. in the FIRST SCHEDULE-FORM, in FORM A, in paragraph 1, in clause (e), in sub-clause (2), the word "Venture" shall be substituted with the word "Impact". MADHABI PURI BUCH, Chairman [ADVT.-III/4/Exty./193/2022-23] Footnote: 1. The Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 were published in the Gazette of India on May 21, 2012 vide No. SEBI/LAD-NRO/GN/2012-13/04/11262. 2. The Securities....

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.... (9) 17th April, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/10. (10) 19th October, 2020 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2020 vide No. SEBI/LAD/NRO/ GN/2020/37. (11) 8th January, 2021 by the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021 vide No. SEBI/LAD/NRO/ GN/2021/01. (12) 5th May, 2021 by the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2021 vide No SEBI/LAD-NRO/ GN/2021/21. (13) 3rd August, 2021 by the (Regulatory Sandbox) (Amendment) ....