Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Ownership limits in depositories restrict shareholding and require divestment of excess holdings under prescribed transition rules. Regulation 20 caps shareholding and voting rights in a depository, requiring inclusion of any instrument that directly or indirectly confers present or future voting rights or entitlement to equity when calculating shareholding. A transitional rule permits existing excess equity or rights only for a limited period, obliging reduction to the prescribed limit within the transition period specified by the Board.
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.
Provisions expressly mentioned in the judgment/order text.
Ownership limits in depositories restrict shareholding and require divestment of excess holdings under prescribed transition rules.
Regulation 20 caps shareholding and voting rights in a depository, requiring inclusion of any instrument that directly or indirectly confers present or future voting rights or entitlement to equity when calculating shareholding. A transitional rule permits existing excess equity or rights only for a limited period, obliging reduction to the prescribed limit within the transition period specified by the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.