Securities Contracts (Regulation) (Manner of Increasing And Maintaining Public Shareholding In Recognised Stock Exchanges) (Amendment) Regulations, 2008.

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....06, namely:- 1. These Regulations may be called the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) (Amendment) Regulations, 2008. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006: - (i) in regulation 2, in sub-regulation (1), after clause (i) the following clause shall be inserted, namely:- "(j) "shareholder having trading rights" means a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights. Expl....

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....ion 5 of the Banking Regulation Act, 1949 (10 of 1949); (II) "insurance company" shall have the meaning assigned to it in sub-section (8) of section 2 of the Insurance Act, 1938 (4 of 1938); (III) "person resident in India" shall have the meaning assigned to it in clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999); (IV) "persons acting in concert" shall have the meaning derived from clause (e) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997." (b) after sub-regulation (1), the following sub-regulation shall be inserted, namely:- "(2) the combined holding of all persons resident outside India in the eq....