Source: Business Standard Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: The government’s move to exempt any public sector listed company from complying with the minimum public shareholding norm is undesirable and inappropriate. Background Exempting select PSUs from minimum free float norm reverses govt stance Issues with the latest move Blocked an… Continue reading Respect regulations
Tag: minimum public shareholding
Exempting select PSUs from minimum free float norm reverses govt stance
Source: Indian Expres Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: Recently, the Department of Economic Affairs has amended the Securities Contract (Regulation) Rules, 1957 (SCRR). Background Through a recent notification in the government gazette, the Department of Economic Affairs has amended the Securities Contract (Regulation) Rules, 1957 (SCRR). The amendment states… Continue reading Exempting select PSUs from minimum free float norm reverses govt stance
