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 resident and non resident equity, allow specified entities higher holdings subject to cap. No person resident in India may hold more than five percent of a depository's paid up equity, except that specified domestic institutional entities may hold up to fifteen percent. No person resident outside India may hold more than five percent, except that specified foreign institutional entities may hold up to fifteen percent. The aggregate non resident holding in a depository shall not exceed forty nine percent, subject to limits prescribed by the Central Government.
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 resident and non resident equity, allow specified entities higher holdings subject to cap.
No person resident in India may hold more than five percent of a depository's paid up equity, except that specified domestic institutional entities may hold up to fifteen percent. No person resident outside India may hold more than five percent, except that specified foreign institutional entities may hold up to fifteen percent. The aggregate non resident holding in a depository shall not exceed forty nine percent, subject to limits prescribed by the Central Government.
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