Government majority ownership exemption continues despite change in control, allowing central government to grant regulatory relief. The amendment empowers the Central Government to exempt any listed entity from any or all provisions where the Central Government, State Government or public sector company, alone or in combination, directly or indirectly holds majority shares, voting rights or control; the exemption remains valid for the period specified irrespective of any subsequent change in control of the listed entity.
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.
Government majority ownership exemption continues despite change in control, allowing central government to grant regulatory relief.
The amendment empowers the Central Government to exempt any listed entity from any or all provisions where the Central Government, State Government or public sector company, alone or in combination, directly or indirectly holds majority shares, voting rights or control; the exemption remains valid for the period specified irrespective of any subsequent change in control of the listed entity.
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