Public shareholding requirement mandates continuous majority public ownership and quarterly disclosure and compliance, enforced by regulator with record retention obligations. A recognised stock exchange must monitor transfers and issuances to ensure issuance only in accordance with the Regulations, maintain continuous majority public shareholding of at least fifty-one per cent, and comply with shareholding restrictions in regulations 8 and 9. It must submit quarterly reports within fifteen days of each quarter-end identifying the ten largest shareholders, disclose shareholders covered by regulation 8 who acquired shares that quarter, provide the specified shareholding pattern, furnish a quarterly compliance undertaking, respond to Board information calls, and retain relevant records for ten years.