No. The regulatory expansion measure concerns an increase in net worth or employee numbers from the investment, not the investor’s ownership percentage. Assess the actual route and facts.
Measure the business change rather than the share purchased
The applicable substantial-change formula is at least forty-percent growth, reaching at least 140 percent of the pre-expansion net worth or employee number. An equity purchase percentage does not establish that result.
Identify whether the investor can require redemption or repayment under the agreement. Explain where the relevant funds came from and how they moved to the investment. The requirement is about how the money was earned, so the plan statement establishes custody rather than origin. Job creation is the element that decides the second stage, and ten is the floor for each investor, not a total to be shared. The jobs requirement is likewise the investor's problem rather than the promoter's, because it is the investor whose conditions are removed or not. The project's own compliance is a separate question that the investor also carries. The investor must also engage in management or policy formulation. The general ten-job requirement must be established for each investor, not inferred from a headline.