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The Tax Publishers Notification No. F. No. SEBI/LAD-NRO/GN/2022/90 [ADVT.-III/4/Exty./194/2022-23], dt. 25-07-2022 SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, namely-- 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (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 (Issue of Capital and Disclosure Requirements) Regulations, 2018, after Chapter X and before Chapter XI, the following Chapter X-A shall be inserted namely-- CHAPTER X-A SOCIAL STOCK EXCHANGE 292A. Definitions--In this Chapter, unless the context otherwise requires-- (a) draft fund raising document means the draft fund raising document filed with a Social Stock Exchange in relation to a public issue of Zero Coupon Zero Principal Instruments by a Not for Profit Organization registered with the Social Stock Exchange; (b) final fund raising document means the final fund raising document filed with the Social Stock Exchange pursuant to incorporation of observations issued in respect of the draft fund raising document by the Social Stock Exchange; (c) For Profit Social Enterprise means a company or a body corporate operating for profit, which is a Social Enterprise for the purposes of these regulations and does not include a company incorporated under section 8 of the Companies Act, 2013 (18 of 2013); (d) fund raising document means the draft fund raising document and the final fund raising document; (e) Not for Profit Organization means a Social Enterprise which is any of the following entities : (i) a charitable trust registered under the Indian Trusts Act, 1882 (2 of 1882); (ii) a charitable trust registered under the public trust statute of the relevant state; (iii) a charitable society registered under the Societies Registration Act, 1860 (21 of 1860); (iv) a company incorporated under section 8 of the Companies Act, 2013 (18 of 2013); (v) any other entity as may be specified by the Board; (f) Social Auditor means an individual registered with a self-regulatory organization under the Institute of Chartered Accountants of India or such other agency, as may be specified by the Board, who has qualified a certification program conducted by National Institute of Securities Market and holds a valid certificate; (g) Social Audit Firm means any entity which has employed Social Auditors and has a track record of minimum three years for conducting social impact assessment; (h) Social Enterprise means either a Not for Profit Organization or a For Profit Social Enterprise that meets the eligibility criteria specified in this Chapter; SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Notification No. F. No. SEBI/LAD-NRO/GN/2022/90 [ADVT.-III/4/Exty./194/2022-23], dt. 25-07-2022

SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2022

In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, namely--

1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (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 (Issue of Capital and Disclosure Requirements) Regulations, 2018, after Chapter X and before Chapter XI, the following Chapter X-A shall be inserted namely--

CHAPTER X-A

SOCIAL STOCK EXCHANGE

292A. Definitions--In this Chapter, unless the context otherwise requires--

(a) draft fund raising document means the draft fund raising document filed with a Social Stock Exchange in relation to a public issue of Zero Coupon Zero Principal Instruments by a Not for Profit Organization registered with the Social Stock Exchange;

(b) final fund raising document means the final fund raising document filed with the Social Stock Exchange pursuant to incorporation of observations issued in respect of the draft fund raising document by the Social Stock Exchange;

(c) For Profit Social Enterprise means a company or a body corporate operating for profit, which is a Social Enterprise for the purposes of these regulations and does not include a company incorporated under section 8 of the Companies Act, 2013 (18 of 2013);

(d) fund raising document means the draft fund raising document and the final fund raising document;

(e) Not for Profit Organization means a Social Enterprise which is any of the following entities :

(i) a charitable trust registered under the Indian Trusts Act, 1882 (2 of 1882);

(ii) a charitable trust registered under the public trust statute of the relevant state;

(iii) a charitable society registered under the Societies Registration Act, 1860 (21 of 1860);

(iv) a company incorporated under section 8 of the Companies Act, 2013 (18 of 2013);

(v) any other entity as may be specified by the Board;

(f) Social Auditor means an individual registered with a self-regulatory organization under the Institute of Chartered Accountants of India or such other agency, as may be specified by the Board, who has qualified a certification program conducted by National Institute of Securities Market and holds a valid certificate;

(g) Social Audit Firm means any entity which has employed Social Auditors and has a track record of minimum three years for conducting social impact assessment;

(h) Social Enterprise means either a Not for Profit Organization or a For Profit Social Enterprise that meets the eligibility criteria specified in this Chapter;