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Every Listed Entities Shall Maintain Public Shareholding With Period Of 3 Years Instead Of 2 Years: SEBI

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The Security and Exchange Board of India (SEBI) notified the Securities Contracts (Regulation) (Second Amendment) Rules, 2020 whereby rules 19A has amended.

Now,  every listed public sector company which has public shareholding below 25% on the commencement of the Securities Contracts (Regulation) (Second Amendment) Rules, 2018, shall increase its public shareholding to at least 25%, within a period of 3 years from the date of such commencement, in the manner specified by the Securities and Exchange Board of India.

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