Public shareholding requirement mandates listed public sector firms to restore minimum public stake within a prescribed timeline under SEBI rules. Amendment to rule 19A requires every listed public sector company with public shareholding below twenty five per cent at commencement to increase its public shareholding to at least twenty five per cent within two years from commencement in the manner specified by SEBI. It also requires any listed public sector company whose public shareholding falls below twenty five per cent after commencement to restore public shareholding to at least twenty five per cent within two years from such fall, in the manner specified by SEBI.
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.
Public shareholding requirement mandates listed public sector firms to restore minimum public stake within a prescribed timeline under SEBI rules.
Amendment to rule 19A requires every listed public sector company with public shareholding below twenty five per cent at commencement to increase its public shareholding to at least twenty five per cent within two years from commencement in the manner specified by SEBI. It also requires any listed public sector company whose public shareholding falls below twenty five per cent after commencement to restore public shareholding to at least twenty five per cent within two years from such fall, in the manner specified by SEBI.
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