Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Public sector companies must raise public shareholding to 25% within three years per amended Rule 19A.</h1> The Central Government has amended the Securities Contracts (Regulation) Rules, 1957, specifically rule 19A, through the Securities Contracts (Regulation) (Second Amendment) Rules, 2014. Effective upon publication in the Official Gazette, the amendment mandates that all listed public sector companies with public shareholding below 25% must increase it to at least 25% within three years, as directed by the Securities and Exchange Board of India. The amendment removes the exception previously granted to public sector companies and omits sub-rule (3) from rule 19A.