Public shareholding requirement increased for listed companies; public sector firms must offer and maintain minimum public stake within specified timelines. Amendments insert a definition of public sector company and modify rules on public shareholding: companies listing securities must increase public shareholding to prescribed minimums within SEBI-specified periods and manners; public sector companies must offer and allot a specified portion of each equity class or convertible debentures to the public and maintain a separate minimum public shareholding floor with transitional compliance timelines; listing requirements generally apply to public sector companies except as otherwise provided or permitted 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 increased for listed companies; public sector firms must offer and maintain minimum public stake within specified timelines.
Amendments insert a definition of public sector company and modify rules on public shareholding: companies listing securities must increase public shareholding to prescribed minimums within SEBI-specified periods and manners; public sector companies must offer and allot a specified portion of each equity class or convertible debentures to the public and maintain a separate minimum public shareholding floor with transitional compliance timelines; listing requirements generally apply to public sector companies except as otherwise provided or permitted by SEBI.
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