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Home Acts & Rules SEBI Regulation Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Chapters List Chapter IV-A LIMITED PURPOSE CLEARING CORPORATION This
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Regulation 22B - Shareholding in a recognised limited purpose clearing corporation - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Extract

..... 1[Shareholding in a recognised limited purpose clearing corporation 22B. (1) 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 limited purpose clearing corporation: Provided that, - (a) a depository; (b) a banking company; (c) an insurance company; (d) a recognised stock exchange; (e) a recognised clearing corporation; (f) a public .....

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Regulation 22B - Shareholding in a recognised limited purpose clearing corporation - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

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..... r indirectly, either individually or together with persons acting in concert, up to fifteen per cent of the paid-up equity share capital of a recognized clearing corporation. Explanation. - For the purpose of this proviso, the persons referred to in clauses (a) to (f) shall mean persons recognised/incorporated outside India. (3) 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 equi .....

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Regulation 22B - Shareholding in a recognised limited purpose clearing corporation - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

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