Schedule - II (Part E) - Monitoring of shareholding limits - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

PART E Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 [See regulation 22(10)] Monitoring of shareholding limits (1) In terms of sub-regulation (4) of regulation 22 , the depository shall put in place a monitoring mechanism to ensure compliance with the shareholding restrictions prescribed in these Regulations at all times. Depository shall:- (a) Check the shareholding data on a periodic basis to ensure that the shareholding restrictions specified under Chapter IV of these regulations are complied with at all times. (b) Upon breach of shareholding limits, intimate the same to the Board within 7 days. (c) In case of listed depository, be guided by circular dated January 01, 2016 issued by the Board.