Listing requirements now apply to corporations created by statute, bringing statutory bodies within stock-listing obligations. The amendment inserts an obligation that all requirements with respect to listing prescribed by the Securities Contracts (Regulation) Rules, 1957 shall, so far as they may be, also apply to a body corporate constituted by an Act of Parliament or any State legislature, thereby bringing statutory corporations within the scope of listing requirements and the associated regulatory compliance framework.
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.
Listing requirements now apply to corporations created by statute, bringing statutory bodies within stock-listing obligations.
The amendment inserts an obligation that all requirements with respect to listing prescribed by the Securities Contracts (Regulation) Rules, 1957 shall, so far as they may be, also apply to a body corporate constituted by an Act of Parliament or any State legislature, thereby bringing statutory corporations within the scope of listing requirements and the associated regulatory compliance framework.
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