Shareholding in a recognised limited purpose clearing corporation

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..... her 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 limited purpose clearing corporation: Provided that, - (a) a depository; (b) a banking company; (c) an insurance company; (d) a recognised stock exchange; (e) a recognised clearing corporation; (f) a public financial institution; (g) .....

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..... insurance company; (e) a foreign commodity derivatives exchange; and (f) a bilateral or multilateral financial institution approved by the Central Government, may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, up to fifteen per cent of the paid-up equity share capital of a recognized clearing corporation. Explanation. - F .....

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