The amendment provides that a listed company must now issue securities in dematerialised form for any scheme of arrangement, sub-division, split, or consolidation, with a new demat account to be opened for investors who do not have one. The rules for Not-for-Profit Organizations (NPOs) on the Social Stock Exchange have also been updated. NPOs must now submit financial disclosures by 31st October and non-financial disclosures within 60 days of the financial year-end. It also states that NPOs registered on the Social Stock Exchange can operate without raising funds for up to two years, after which they must have at least one listed project.
