Shareholding in a recognised clearing corporation.

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..... ion 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 than one recognised clearing corporation. (2) No person resident in India, except a recognised stock exchange a .....

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..... pital in a recognised clearing corporation. (4) 1 [ Subject to the limits as otherwise prescribed by the Central Government from time to time, ] 2 [ 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 3 [ : ] 4 [****] 5 [ Pr .....

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..... vide Notification No. SEBI/LAD/NRO/GN/2015-16/037 dated 07-03-2016 before it was read as (a) the combined holding of such persons acquired through the foreign direct investment route shall not exceed twenty six per cent. of the total paid up equity share capital, at any time; (b) the combined holding of foreign institutional investors shall not exceed twenty three per cent. of the total paid up e .....

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