Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 Chapter XC LISTING ON INSTITUTIONAL TRADING PLATFORM
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Institutional investor classification limits platform listing eligibility to qualified institutional buyers and large registered intermediaries. Regulation 106X defines an institutional trading platform as the venue for listing and trading specified securities of entities meeting Regulation 106Y eligibility. It defines institutional investor to include qualified institutional buyers and certain large family trusts, systematically important NBFCs registered with the central bank, and registered intermediaries, subject to a net worth requirement based on the last audited financial statements. Undefined terms in the chapter derive their meaning from Regulation 2, and the concept of persons acting in concert is adopted by reference to the takeover regulations.
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.
Institutional investor classification limits platform listing eligibility to qualified institutional buyers and large registered intermediaries.
Regulation 106X defines an institutional trading platform as the venue for listing and trading specified securities of entities meeting Regulation 106Y eligibility. It defines institutional investor to include qualified institutional buyers and certain large family trusts, systematically important NBFCs registered with the central bank, and registered intermediaries, subject to a net worth requirement based on the last audited financial statements. Undefined terms in the chapter derive their meaning from Regulation 2, and the concept of persons acting in concert is adopted by reference to the takeover regulations.
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