About Clasis Law

Clasis Law is one of the leading full-service Indian law firms which provide speedy services while upholding the law and following every regulation in the book. The firm is recognized as highly professional and process-driven, with the necessary systems and infrastructure to provide hassle-free services to clients. It has an established capability and operational ability to advise clients across borders through its vibrant network of international law firms located around the globe, including in some of the most difficult jurisdictions in the world. The firm's clients range from Fortune 500 companies to SMEs and small businesses. In addition, it provides specialized services to international SMEs that choose India as their preferred investment destination.


SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (FIFTH AMENDMENT) REGULATIONS, 2022

    1. 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):

        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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