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of <h1>Regulation 9B limits shareholding, voting rights, and board roles in Collective Investment Management Companies to under 10%.</h1> Regulation 9B of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, restricts any Collective Investment Management Company, its promoters, associates, or group companies from holding ten percent or more of the shareholding or voting rights, or having board representation in another Collective Investment Management Company or its trustee company. Similarly, shareholders with ten percent or more shareholding or voting rights in such companies are prohibited from similar holdings or board representation in other Collective Investment Management Companies. In cases of mergers or acquisitions, compliance with these restrictions must occur within one year.
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