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..... in which not less than fifty-one per cent of the share capital is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments ; 1 [(d) public means persons other than (i) The promoter and promoter group; (ii) Subsidiaries and associates of the company. Explanation : For the purpose of .....

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..... r implementing employee benefit schemes under the regulations framed by the Securities and Exchange Board of India shall be excluded from public shareholding] *********** 1 Inserted by the Securities Contracts (Regulation) (Amendment) Rules, 2010, w.e.f. 04.06.2010. 2 Inserted by the Securities Contracts (Regulation) (Second Amendment) Rules, 2010, w.e.f. 09.08.2010. 3 Substituted .....

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