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Shareholding in a recognised stock exchange.

n 17 - Shareholding in a recognised stock exchange 17. (1) Atleast fifty one per cent. of the paid up equity share capital of a recognised stock exchange shall be held by public. (2) 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 .....

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cent. of its total paid up equity share capital, subject to the following:- (a) the combined holding of such persons acquired through the foreign direct investment route shall not exceed twenty six per cent. of the total paid up equity share capital, at any time; (b) the combined holding of foreign institutional investors shall not exceed twenty three per cent. of the total paid up equity share ca .....

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