https://www.taxtmi.com/news?id=18867 Amendments revise permissible shareholding and governance for information utilities: for up to three years from registration a person, alone or with persons acting in concert, may hold an increased proportion of paid up equity share capital or voting power; an Indian company that is listed or has no individual holding more than ten percent may hold the entirety of paid up equity or voting power during the same transitional period. The amendment also requires that more than half of the directors be Indian nationals and residents in India. en-us Thu, 05 Oct 2017 18:54:26 +0530 Thu, 05 Oct 2017 18:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18867 Amendments revise permissible shareholding and governance for information utilities: for up to three years from registration a person, alone or with persons acting in concert, may hold an increased proportion of paid up equity share capital or voting power; an Indian company that is listed or has no individual holding more than ten percent may hold the entirety of paid up equity or voting power during the same transitional period. The amendment also requires that more than half of the directors be Indian nationals and residents in India. News - Thu, 05 Oct 2017 18:54:26 +0530 https://www.taxtmi.com/news?id=18867