Home Acts & Rules SEBI Regulation Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 Chapters List Chapter III SHARE HOLDING RESTRICTIONS This
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Regulation 11 - Obligations of the recognised stock exchange - Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006Extract 11. Obligations of the recognised stock exchange. (1) A recognised stock exchange shall monitor and ensure:- (a) that no transfer or issue of equity shares therein is made otherwise than in accordance with these regulations; (b) that at least fifty-one per cent. of its equity share capital is continuously held by the public; and (c) that the restrictions contained in regulations 8 and 9 are complied with in respect of the shareholding therein. (2) Without prejudice to the provisions of the Act and the rules made thereunder, the recognised stock exchanges shall submit a report to the Board disclosing the following on a quarterly basis within fifteen days from the end of each quarter:- (a) the names of ten largest shareholders along with the number of shares held by them and their percentage shareholding; (b) the names of the shareholders falling under regulation 8 who had acquired shares in that quarter; (c) the shareholding pattern in the recognised stock exchange in such format as may be specified by the Board. (3) The recognised stock exchange shall submit an undertaking confirming the compliance of the provisions of sub-regulation (1) to the Board on a quarterly basis within fifteen days from the end of each quarter. (4) Notwithstanding anything contained in this regulation, the Board may from time to time call for any information from the recognised stock exchange, any shareholder having trading rights or any transferee of shares held by such shareholder, under the provisions of Securities Contracts (Regulation) Act, 1956 and the Securities and Exchange Board of India Act, 1992 and the rules and regulations made thereunder. (5) Without prejudice to the provisions of the Companies Act, 1956, the recognised stock exchange shall maintain and preserve all the books, registers, other documents and records relating to, the issue or sale of equity shares under these regulations for a period of ten years.
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