Securities Contracts (Regulation) (Second Amendment) Rules, 2010

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....Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely :- 1. (1) These rules may be called the Securities Contracts (Regulation) (Second Amendment) Rules, 2010. (2) They shall come into force on the date of their publication in the Official Gazette....

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.... (II) the third proviso shall be omitted; (B) after clause (b), the following shall be inserted, namely :- "(c) Notwithstanding anything contained in clause (b), a public sector company, shall offer and allot at least ten per cent. of each class or kind of equity shares or debentures convertible into equity shares to public in terms of an offer document." (b) for s....

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....curities Contracts (Regulation) (Amendment) Rules, 2010, shall increase its public shareholding to at least twenty five per cent. within a period of three years from the date of such commencement, in the manner specified by the Securities and Exchange Board of India. Explanation: For the purposes of this sub-rule, a company whose securities has been listed pursuant to an offer and allotme....