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Eligibility for acquiring or holding shares in a depository

directly or indirectly, acquire or hold equity shares or voting rights of a depository unless he is a fit and proper person. (2) Any person who, directly or indirectly, either individually or together with persons acting in concert, acquires equity shares such that his shareholding exceeds two percent. of the paid up equity share capital of a depository, shall seek approval of the Board within fif .....

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in these regulations, the shareholding or voting rights of any person in a depository shall not exceed the limits specified in these regulations at any point of time. (7) For determining the shareholding of any person in a depository as specified in these regulations, any instrument held, owned or controlled, directly or indirectly, by him that entitles him the voting rights or provides for entitl .....

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