POWERS OF THE BOARD - Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
POWERS OF THE BOARD - Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
Regulation 11 - Obligations of the recognised stock exchange
Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 Chapter III SHARE HOLDING RESTRICTIONS
Contents
Acts
Rules & Regulations
Case Laws New
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Public shareholding requirement mandates continuous majority public ownership and quarterly disclosure and compliance, enforced by regulator with record retention obligations. A recognised stock exchange must monitor transfers and issuances to ensure issuance only in accordance with the Regulations, maintain continuous majority ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Public shareholding requirement mandates continuous majority public ownership and quarterly disclosure and compliance, enforced by regulator with record retention obligations.
A recognised stock exchange must monitor transfers and issuances to ensure issuance only in accordance with the Regulations, maintain continuous majority public shareholding of at least fifty-one per cent, and comply with shareholding restrictions in regulations 8 and 9. It must submit quarterly reports within fifteen days of each quarter-end identifying the ten largest shareholders, disclose shareholders covered by regulation 8 who acquired shares that quarter, provide the specified shareholding pattern, furnish a quarterly compliance undertaking, respond to Board information calls, and retain relevant records for ten years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.