Start learning 50% faster. Sign in now
Regulation 17 of Securities Contract (Stock Exchanges and Clearing Corporations) Regulation 2018 (1)The public holding in arecognised stock exchange shall not be less than fifty one per cent of the paid up equity share capital of thatrecognised stock exchange. (2)No person resident in India shall at any time, directly or indirectly, either individually or together with persons acting in concert, acquire or hold more than five per cent of the paid up equity share capital in a recognised stock exchange: Provided that,—(a)a stock exchange;(b)a depository;(c)a banking company;(d)an insurance company; and(e)a public financial institution, may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, upto fifteen per cent of the paid up equity share capital of a recognised stock exchange. (3)No person resident outside India, directly or indirectly, either individually or together with persons acting in concert, shall acquire or hold more than five per cent of the paid up equity share capital in a recognised stock exchange Provided that,-(a)a foreign stock exchange;(b)a foreign depository;(c)a foreign banking company;(d)a foreign insurance company; (e)a foreign commodity derivatives exchange; and(f)a bilateral or multilateral financial institution approved by the Central Government, may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, upto fifteen per cent of the paid up equity share capital of a recognised stock exchange. Explanation.—For the purposes of this proviso, the persons referred to in clauses (a) to (f) shall mean persons recognised/ incorporated outside India. (4)Subject to the limits as otherwise prescribed by the Central Government from time to time, the combined holding of all persons resident outside India in the paid up equity share capital of a recognised stock exchange shall not exceed, at any time, forty-nine per cent of its total paid up equity share capital (5)No clearing corporation shall hold any right, stake or interest, of whatsoever nature, in any recognised stock exchange
What role did N Valarmathi play in ISRO's rocket launches?
Recently RBI has imposed a penalty of Rs 27.5 lakh in which public sector bank?
Which of the following Bank has broken the international bond drought from India by raising $1 billion from investors across the globe?
Why did Kenya cancel infrastructure and energy deals with the Adani Group?
Kharchi Puja, an auspicious festival began on June 26th to July 2nd, 2023 to worship the deity God of ____ state.
India’s first green hydrogen blending operation in the piped natural gas (PNG) network was started at which state?
What is the primary theme of Payal Kapadia’s film “All We Imagine As Light,” named the best film of 2024 by Sight and Sound magazine?
Which country's central bank signed a pact with NPCI International Payments Limited (NIPL) to develop a UPI-like instant payment system?
Which Canadian program for faster student visa processing was recently ended?
What is the unique feature of the upcoming nuclear clock being developed by JILA scientists?