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<h1>Regulation 6 outlines private placement rules for stock exchanges, requiring compliance with Companies Act and SEBI for large placements.</h1> Regulation 6 of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, outlines the requirements for private placements by recognized stock exchanges. If a stock exchange's shares are not listed, private placements must comply with the Companies Act, 1956, and the Unlisted Public Companies (Preferential Allotment) Rules, 2003. For listed exchanges, private placements must adhere to the Companies Act, 1956, and relevant SEBI guidelines. If the placement involves fifty or more individuals, it must comply with the Companies Act and SEBI guidelines for public capital issues.