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<h1>SEBI Clarifies 'Shareholder Having Trading Rights' in Securities Contracts Regulations, 2006 to Ensure Public Holds 51% Equity.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) clarifies the term 'shareholder having trading rights' as used in the Securities Contracts (Regulation) Regulations, 2006. It defines such a shareholder as one with a trading interest in a recognized stock exchange, either directly or indirectly through another person with trading rights. This clarification aims to ensure that at least 51% of the equity share capital in recognized stock exchanges is held by the public. The circular is issued under the authority of the SEBI Act, 1992, and the Securities Contracts (Regulation) Act, 1956, to protect investor interests and regulate the securities market.