Amendments to public shareholding rules require listed companies to meet minimum public holding thresholds and report quarterly. Listed companies must maintain continuous public shareholding of at least 25% (generally) or 10% in specified cases; exemptions apply to government, infrastructure and BIFR referred companies. Non compliance must be remedied using prescribed methods within periods approved by the Specified Stock Exchange (initially up to two years, with possible one year extension), and the SSE may grant extensions after recording reasons. Revised reporting requires quarterly three category shareholding statements showing promoters, public and custodial/depository receipt holdings; stock exchanges must monitor compliance and submit quarterly reports.
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Provisions expressly mentioned in the judgment/order text.
Amendments to public shareholding rules require listed companies to meet minimum public holding thresholds and report quarterly.
Listed companies must maintain continuous public shareholding of at least 25% (generally) or 10% in specified cases; exemptions apply to government, infrastructure and BIFR referred companies. Non compliance must be remedied using prescribed methods within periods approved by the Specified Stock Exchange (initially up to two years, with possible one year extension), and the SSE may grant extensions after recording reasons. Revised reporting requires quarterly three category shareholding statements showing promoters, public and custodial/depository receipt holdings; stock exchanges must monitor compliance and submit quarterly reports.
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