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        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.

        <h1>Public shareholding requirement: exchanges must ensure a majority of equity is held by the public via prescribed mechanisms.</h1> These regulations require recognised stock exchanges undergoing corporatisation or demutualisation to ensure a majority of equity capital is held by the public through public issues, offers for sale by trading-rights shareholders, approved placements, private placements to non-trading persons, or combinations thereof, all subject to Companies Act and SEBI disclosure and preferential issue rules; the Board issues confirmation upon compliance and may inspect, audit and direct divestment or other remedial measures for breaches.

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