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Shareholding in a recognised clearing corporation.

n 18 - 18.(1) Atleast fifty one per cent. of the paid up equity share capital of a recognised clearing corporation shall be held by one or more recognised 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 .....

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ogether with persons acting in concert, acquire or hold more than five per cent. of the paid up equity share capital in a recognised clearing corporation. (4) The combined holding of all persons resident outside India in the paid up equity share capital of a recognised clearing corporation shall not exceed, at any time, forty-nine per cent. of its total paid up equity share capital, subject to the .....

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