IFSC shareholding rules require majority-owned subsidiaries by market infrastructure entities and prompt disclosure of equity acquisitions. Recognised domestic or foreign stock exchanges, clearing corporations, and registered or regulated depositories may form IFSC subsidiaries to provide respective services only where the parent holds majority equity and remaining shares may be held by other recognised market infrastructure entities; purchasers of equity in a recognised exchange, clearing corporation, or depository in IFSC must notify the Board within a short statutory period after acquisition.
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.
IFSC shareholding rules require majority-owned subsidiaries by market infrastructure entities and prompt disclosure of equity acquisitions.
Recognised domestic or foreign stock exchanges, clearing corporations, and registered or regulated depositories may form IFSC subsidiaries to provide respective services only where the parent holds majority equity and remaining shares may be held by other recognised market infrastructure entities; purchasers of equity in a recognised exchange, clearing corporation, or depository in IFSC must notify the Board within a short statutory period after acquisition.
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