Shareholding in a recognised clearing corporation

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..... e percent of its paid up equity share capital shall always be held by one or more recognized stock exchange(s): Provided that no recognised stock exchange shall, directly or indirectly, either individually or together with persons acting in concert, acquire or hold more than fifteen per cent of the paid up equity share capital in more than one recognised clearing corporation. (2) No person r .....

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..... acquire or hold more than five per cent of the paid up equity share capital in a recognised clearing corporation. Provided that,- (a) a foreign stock exchange; (b) a foreign depository; (c) a foreign banking company; (d) a foreign insurance company; (e) a foreign commodity derivatives exchange; and (f) a bilateral or multilateral financial institution approved by the Central G .....

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