Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2012 Chapter IV OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS
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Shareholding limits restrict voting rights in recognised exchanges and mandate reduction of excess holdings within a prescribed transition period. Regulation 16 bars any person from holding shareholding or voting rights in a recognised stock exchange or recognised clearing corporation that exceed the ... Summary
Shareholding limits restrict voting rights in recognised exchanges and mandate reduction of excess holdings within a prescribed transition period.
Regulation 16 bars any person from holding shareholding or voting rights in a recognised stock exchange or recognised clearing corporation that exceed the Chapter's specified limits at any time, and includes instruments conferring future entitlement to equity in calculating shareholding; any excess holdings at commencement must be reduced to the specified limit within a Board determined transition period, which may extend up to three years.
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