Eligibility for acquiring or holding shares in bullion exchange or bullion clearing corporation

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Full Text of the Document

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.... 21. (1) No person shall, directly or indirectly, acquire or hold any equity shares or voting rights of a bullion exchange or bullion clearing corporation unless it is a fit and proper person: Provided that the onus shall be on the bullion exchange or bullion clearing corporation to ensure that all its shareholders are fit and proper persons: Provided further that such a requirement to ensu....