https://www.taxtmi.com/acts?id=33752 Regulation 18 prescribes that a recognised clearing corporation's paid up equity must be majority held by one or more recognised stock exchanges, with additional caps: individual recognised stock exchanges cannot hold more than fifteen percent in more than one clearing corporation; resident persons (other than exchanges) are generally limited to five percent, except certain financial institutions which may hold up to fifteen percent; similarly defined foreign entities may hold up to fifteen percent individually, and combined non resident holdings are capped at forty nine percent, subject to Central Government limits. en-us Mon, 24 Dec 2018 10:46:42 +0530 Tue, 20 Aug 2024 10:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33752 Regulation 18 prescribes that a recognised clearing corporation's paid up equity must be majority held by one or more recognised stock exchanges, with additional caps: individual recognised stock exchanges cannot hold more than fifteen percent in more than one clearing corporation; resident persons (other than exchanges) are generally limited to five percent, except certain financial institutions which may hold up to fifteen percent; similarly defined foreign entities may hold up to fifteen percent individually, and combined non resident holdings are capped at forty nine percent, subject to Central Government limits. Act-Rules SEBI Mon, 24 Dec 2018 10:46:42 +0530 https://www.taxtmi.com/acts?id=33752