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        SEBI

        Regulation 16 - General conditions.

        Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2012
        Chapter IV
        OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS

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        Shareholding limits restrict voting rights in recognised exchanges and mandate reduction of excess holdings within a prescribed transition period. Regulation 16 bars any person from holding shareholding or voting rights in a recognised stock exchange or recognised clearing corporation that exceed the Chapter's specified limits at any time, and includes instruments conferring future entitlement to equity in calculating shareholding; any excess holdings at commencement must be reduced to the specified limit within a Board determined transition period, which may extend up to three years.
                          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.

                                Shareholding limits restrict voting rights in recognised exchanges and mandate reduction of excess holdings within a prescribed transition period.

                                Regulation 16 bars any person from holding shareholding or voting rights in a recognised stock exchange or recognised clearing corporation that exceed the Chapter's specified limits at any time, and includes instruments conferring future entitlement to equity in calculating shareholding; any excess holdings at commencement must be reduced to the specified limit within a Board determined transition period, which may extend up to three years.


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