Which of the following is not true with respect to shareholding in a recognized stock exchange as given in Securities Contract (Stock Exchanges and Clearing Corporations) Regulation 2018
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
We in independent India have used science and technology for our national development. Former Prime Minister Nehru gave the clarion Call: “let us ...
Replace the word against number 26 with the correct option from the given options below:
It may be tempting to believe that last year’s bankruptcy law reforms will soon begin to ease the pain at banks by encouraging the quick sale of asse...
The growing concern over climate change has led to global efforts to electrify the transportation sector. In parallel, cost of Li-ion (Lithium-ion) bat...
The question below consists of a set of labeled sentences. Out of the four options given, select the most logical order of the sentences to form a cohe...
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage...
In the field of economics, which is fast turning out to be something of an Achilles heel for this government, the criticism is mostly misplaced, and no...
Bitcoin itself may, of course, be a speculative bubble; its price is up more than 750% in the past year, and such moves should give anyone pause. That ...
P: Children with poor phonological skills progress more poorly. Q: The consensus concerns the causal role of phonological skills in young children&rsquo...
Not sure if this hotel in Mylapore, Chennai went through these definitions while fixing the rates for its dishes, but one glance at its menu card will c...