Interpretation of term “shareholder having trading rights” under Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
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Shareholder having trading rights clarified to include direct and indirect trading interests, affecting public shareholding composition. The term 'shareholder having trading rights' means a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights; an indirect trading interest is to be understood as an associate under regulation 2(1)(b) of the relevant Regulations, to ensure application of the public shareholding requirements.
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.
Shareholder having trading rights clarified to include direct and indirect trading interests, affecting public shareholding composition.
The term "shareholder having trading rights" means a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights; an indirect trading interest is to be understood as an associate under regulation 2(1)(b) of the relevant Regulations, to ensure application of the public shareholding requirements.
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