Regulation 17 - Shareholding in a recognised stock exchange
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Chapter IV OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS
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Shareholding limits in recognised stock exchanges restrict public ownership, resident holdings, and set capped foreign investment conditions. Regulation 17 mandates a minimum public holding in a recognised stock exchange and sets ceilings on individual and concerted holdings by residents and ... Summary
Referred In :
Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
Shareholding limits in recognised stock exchanges restrict public ownership, resident holdings, and set capped foreign investment conditions.
Regulation 17 mandates a minimum public holding in a recognised stock exchange and sets ceilings on individual and concerted holdings by residents and non-residents, while permitting specified institutional domestic and foreign entities to hold higher limited stakes; it further caps aggregate non-resident ownership subject to Central Government limits and prohibits clearing corporations from holding any interest in a recognised stock exchange.
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