Capital structure reform for the Corporation imposes Government approval, minimum ownership safeguards and tightened beneficial ownership declarations. The substituted provisions comprehensively regulate the Corporation's capital and shareholder framework: authorised and issued share capital rules, Central Government approval requirements for capital changes and share issues, mandated minimum Government shareholding on a fully diluted basis, permitted modes of capital increase, restrictions on non-rights issues, treatment and permitted uses of share premium, procedures and permissible manners for reduction of paid-up equity capital, transitional reservation and eligibility rules for policy-holder allotments and promoter contribution computation, authority to issue debt securities, deeming of shares as securities, free transferability subject to Government majority protection and individual holding caps, registers and declaration obligations for beneficial owners, and nomination rights for registered individual members.
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Capital structure reform for the Corporation imposes Government approval, minimum ownership safeguards and tightened beneficial ownership declarations.
The substituted provisions comprehensively regulate the Corporation's capital and shareholder framework: authorised and issued share capital rules, Central Government approval requirements for capital changes and share issues, mandated minimum Government shareholding on a fully diluted basis, permitted modes of capital increase, restrictions on non-rights issues, treatment and permitted uses of share premium, procedures and permissible manners for reduction of paid-up equity capital, transitional reservation and eligibility rules for policy-holder allotments and promoter contribution computation, authority to issue debt securities, deeming of shares as securities, free transferability subject to Government majority protection and individual holding caps, registers and declaration obligations for beneficial owners, and nomination rights for registered individual members.
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