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  1. a. SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022. These amendment regulations have been brought forth by SEBI in order to amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This amendment regulation has been issued so as to:

                                                               i.      Amend regulation 2, sub-regulation (1):

2. c. i. 1. in clause (h), after the words and symbol “mutual funds,” and before the words “and any other”, the words “Zero Coupon Zero Principal Instruments” shall be inserted.

2. after clause (zn), the following clause (zo) shall be inserted namely—

“(zo) the expressions “For Profit Social Enterprise”, “Not for Profit Organization”, “Social Enterprise”, “Social Stock Exchange”, “draft fundraising document”, “final fundraising document”, “fundraising document”, “Social Auditor” and “Social Audit Firm” shall have the same meaning as assigned to them in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018;”

                                                             ii. Insert Chapter IX- A (Obligations of Social Enterprises) within the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The provisions of this chapter shall be applicable to; (a) a For-Profit Social Enterprise whose designated securities are listed on the applicable segment of the Stock Exchange(s) and (b) a Not for Profit Organization that is registered on the Social Stock Exchange(s).

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For further information, please contact:

Vineet Aneja – Clasis Law,
vineet.aneja@clasislaw.com

Vineet heads Clasis Law and shares his time between the Delhi and Mumbai offices. He has extensive experience working with both Indian and foreign companies, as well as with government authorities.

Vineet’s corporate practice includes advising on mergers and acquisitions, joint ventures, private equity and investment funds on a full range of corporate clients on general corporate matters and in the areas of capital markets, project finance, regulatory and real estate.

Vineet’s skill set includes a deep transactional understanding as well as significant industry expertise across industries as diverse as manufacturing, media, medical devices, fashion, insurance, technology, telecommunications, infrastructure, hospitality, retail and financial services. Client feedback has highlighted the value his experience adds to both the legal and commercial sides of transactions.

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