SEBI (Issue Of Capital And Disclosure Requirements) (Third Amendment) Regulations, 2023

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 21st December, 2023

SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2023

No. SEBI/LAD-NRO/GN/2023/162.—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, 2023.
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, -

I. In regulation 292A, -
a) in clause (f), the word “Auditor” appearing in the words and expression “Social Auditor” shall be substituted with the words “Impact Assessor”;
b) in clause (g),-
1. the word “Audit” appearing in the words and expression “Social Audit Firm” shall be substituted with the words “Impact Assessment”;
2. the words “Auditors” shall be substituted with the words “Impact Assessor(s)”.

II. In regulation 292C, -
a) the word “only” appearing after the word “accessible” shall be omitted;
b) the word “and” appearing after the words “institutional investors” and before the words and symbol “non-institutional investors” shall be substituted by the symbol “,”;
c) after the words “non-institutional investors” and before the symbol “:”, the words “and retail investors” shall be inserted;
d) the symbol “:” shall be substituted with the symbol “.”;
e) the proviso shall be omitted.

III. in regulation 292G, in clause (a), in sub-clause (i), the words and symbol “institutional investors and/or non-institutional investors” shall be substituted with the words “eligible investors”;

IV. the existing regulation 292K shall be substituted with the following regulation, namely-
“292K. The procedure and other conditions in respect of public issuance of Zero Coupon Zero Principal Instruments by a Not for Profit Organization shall be as specified by the Board.”;

V. the existing regulation 292M shall be substituted with the following regulation, namely-
“292M. The contents of the fund raising document shall be as specified by the Board.”;

VI. the existing regulation 292N shall be omitted.

BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./629/2023-24]