https://www.taxtmi.com/acts?id=36230 Eligibility to acquire or hold equity shares of a recognised stock exchange or recognised clearing corporation requires being a fit and proper person; acquisitions or holdings that cross prescribed thresholds require Board approval within specified timeframes, and where approval is refused the excess shares must be divested. Holders above a notification threshold at commencement must comply within a transitional period, and any person above the notification threshold must file an annual declaration confirming compliance with the fit and proper criteria to the exchange or clearing corporation within fifteen days of the financial year end. en-us Wed, 06 Mar 2019 09:54:30 +0530 Wed, 06 Mar 2019 09:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36230 Eligibility to acquire or hold equity shares of a recognised stock exchange or recognised clearing corporation requires being a fit and proper person; acquisitions or holdings that cross prescribed thresholds require Board approval within specified timeframes, and where approval is refused the excess shares must be divested. Holders above a notification threshold at commencement must comply within a transitional period, and any person above the notification threshold must file an annual declaration confirming compliance with the fit and proper criteria to the exchange or clearing corporation within fifteen days of the financial year end. Act-Rules SEBI Wed, 06 Mar 2019 09:54:30 +0530 https://www.taxtmi.com/acts?id=36230