Eligibility criteria for persons acquiring or holding more than 1[five per cent.] equity shares in a recognised stock exchange

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..... han 1 [five per cent.] equity shares in a recognised stock exchange.- 2 [(1) No person shall, directly or indirectly, either individually or together with persons acting in concert with him, acquire and/or hold more than five per cent. of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken pri .....

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..... en declared insolvent and has not been discharged; (d) an order, restraining, prohibiting or debarring the person, or any of its whole time directors or managing partners from dealing in securities in the capital market or from accessing the capital market has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period speci .....

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..... nt) Regulations, 2008 w.e.f. 23-12-2008. Prior to its substitution, it read as one percent . 2. Substituted by the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) (Amendment) Regulations, 2008 w.e.f. 23-12-2008. Prior to its substitution, this sub-regulation read as under:- (1) No person shall, either individuall .....

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