Rule 2 - Definitions - Securities Contracts (Regulation) Rules, 1957

Definitions. 2. In these rules, unless the context otherwise requires,- (a) form means a form appended to these rules; (b) the Act means the Securities Contracts (Regulation) Act, 1956 (42 of 1956) ; 5 [ (c) Government company means a Government company as defined in clause 45 of section 2 of the Companies Act, 2013 (18 of 2013); ] 6 [ (ca) International Financial Services Centre means an International Financial Services Centre as defined in clause (g) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019); (cb) International Financial Services Centres Authority means the Authority established under sub-section (1) of section 4 of the International Financial Services Centres Authority Act, 2019 (50 of 2019); ] 2 [(d) public means persons other than (i) The promoter and promoter group; (ii) Subsidiaries and associates of the company. Explanation : For the purpose of this clause the words promoter and promoter group shall have the same meaning as assigned to them under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ;] 3 [(da) public sector company means a body corporate constituted by an Act of Parliament or any State Legislature and includes a government company:] 4 [(e) public shareholding means equity shares of the company held by public including shares underlying the depository receipts if the holder of such depository receipts has the right to issue voting instruction and such depository receipts are listed on an international exchange in accordance with the Depository Receipts Scheme, 2014 : Provided that the equity shares of the company held by the trust set up for implementing employee benefit schemes under the regulations framed by the Securities and Exchange Board of India shall be excluded from public shareholding] ************* NOTES:- 1. Substituted vide Notification No. G.S.R. 469(E) dated 04-06-2010 before it was read as, . 2. Inserted vide Notification No. G.S.R. 469(E) dated 04-06-2010 3. Inserted by the Securities Contracts (Regulation) (Second Amendment) Rules, 2010, w.e.f. 09.08.2010. 4. Substituted by the Securities Contracts (Regulation) (Amendment) Rules, 2015, w.e.f. 25.02.2015. Prior to substitution, clause (e) read as under- public shareholding means equity shares of the company held by public and shall exclude shares which are held by custodian against depository receipts issued overseas. 5. Substituted vide Notification No. G.S.R. 03(E) dated 02-01-2023 before it was read as, (c) Government company means a company in which not less than fifty-one per cent of the share capital is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments 1 [ ; ] 6. Inserted vide Notification No. G.S.R. 518(E) dated 28-08-2024