https://www.taxtmi.com/circulars?id=64158 An amendment requires that any Indian or foreign recognised stock exchange may form a subsidiary to operate in an IFSC with the parent exchange retaining majority paid-up equity; remaining equity may be offered to others subject to limits on individual or concerted holdings and applicable law. Certain market and financial institutions may acquire larger stakes only with prior approval of the Board, and recognised exchanges must comply with Regulation 19 and Regulation 20 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. en-us Thu, 09 Jul 2020 00:00:00 +0530 Thu, 09 Jul 2020 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64158 An amendment requires that any Indian or foreign recognised stock exchange may form a subsidiary to operate in an IFSC with the parent exchange retaining majority paid-up equity; remaining equity may be offered to others subject to limits on individual or concerted holdings and applicable law. Certain market and financial institutions may acquire larger stakes only with prior approval of the Board, and recognised exchanges must comply with Regulation 19 and Regulation 20 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. Circulars SEBI Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64158