Bullion clearing corporation shareholding requires recognised market infrastructure ownership while restricting other investors' direct and indirect equity holdings.

Shareholding in a bullion clearing corporation must be held by specified recognised exchanges or clearing corporations with at least twenty-six per cent of paid-up equity capital, or by a joint venture of recognised market infrastructure institutions holding at least fifty-one per cent. In a joint venture structure, the relevant bullion exchange or recognised stock exchange must hold at least fifty-one per cent within the joint venture. Other persons, individually or acting in concert, cannot directly or indirectly hold more than twenty-five per cent of paid-up equity capital.

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