The Securities and Exchange Board of India (SEBI) on December 21, 2023, notified the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2023 further to amend the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The following has been stated: -
•In the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, -
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)”.
•The existing regulation 292M shall be substituted with the following regulation, namely-
“292M. The contents of the fundraising document shall be as specified by the Board.”
•The existing regulation 292N shall be omitted.
They shall come into force on December 21, 2023.
The detailed notification is given in the document attached below.
[Notification No. SEBI/LAD-NRO/GN/2023/162]
