TMI BlogContinuous Listing RequirementX X X X Extracts X X X X X X X X Extracts X X X X ..... Exchange Board of India. ] Explanation: For the purposes of this sub-rule, a company whose securities has been listed pursuant to an offer and allotment made to public in terms of 5 [***] clause (b) of sub-rule (2) of rule 19, shall maintain minimum twenty five per cent, public shareholding from the date on which the public shareholding in the company reaches the level of twenty five percent in terms of said sub-clause.] (2) Where the public shareholding in a listed company falls below twenty five per cent. at any time, such company shall bring the public shareholding to twenty five per cent. within a maximum period of twelve months from the date of such fall in the manner specified by the Securities and Exchange Board of India.] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty-five per cent within a maximum period of three years from the date of such fall, in the manner specified by the Securities and Exchange Board of India: Provided that, if the public shareholding falls below ten per cent, the same shall be increased to at least ten per cent, within a maximum period of 12 [ twelve ] months from the date of such fall, in the manner specified by the Securities and Exchange Board of India. ] 13 [ Provided further that, every listed company shall maintain public shareholding of at least five per cent. as a result of implementation of the resolution plan approved under section 31 of the Insolvency and Bankruptcy Code, 2016. ] 14 [ (6) Notwithstanding anything contained in sub-rules (1) to (5), ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r to its omission, said sub-rule, as inserted by the Securities Contracts (Regulation) (Second Amendment) Rules, 2010, w.e.f. 9-8-2010, read as under : (3) Notwithstanding anything contained in this rule, every listed public sector company shall maintain public shareholding of at least ten per cent : 7 Inserted by the Securities Contracts (Regulation) (Amendment) Rules, 2015, w.e.f. 25.02.2015. 8. Inserted vide NOTIFICATION NO. G.S.R. 675(E) dated 24-07-2018 9. Substituted vide NOTIFICATION NO. G.S.R. 738(E) dated 03-08-2018 before it was read as 3 [Provided that any listed company which has public shareholding below twenty five per cent, on the commencement of the Securities Contracts (Regulation) (Amendment) Rules ..... X X X X Extracts X X X X X X X X Extracts X X X X
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