Regulation 292A - Definitions - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

1 [CHAPTER X-A SOCIAL STOCK EXCHANGE Definitions. 292A 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 2 [ Impact Assessor ] 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 3 [ Impact Assessment ] Firm means any entity which has employed Social 4 [ Impact Assessor(s) ] 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; (i) Social Stock Exchange means a separate segment of a recognized stock exchange having nationwide trading terminals permitted to register Not for Profit Organizations and / or list the securities issued by Not for Profit Organizations in accordance with provisions of these regulations. ] ************** NOTES:- 1. Inserted vide F. No. SEBI/LAD-NRO/GN/2022/90 dated 25-07-2022 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/162 dated 21-12-2023 before it was read as, Auditor 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/162 dated 21-12-2023 before it was read as, Audit 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/162 dated 21-12-2023 before it was read as, Auditors