Listed companies to maintain minimum 25% public shareholding in three years.  Earlier this period for maintaining 25% public shareholding was 2 Years.

MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 31st July, 2020

G.S.R. 485(E).— In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:—

1. Short title and commencement. – (1) These rules may be called as Securities Contracts (Regulation) (Second Amendment) Rules, 2020.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Securities Contracts (Regulation) Rules, 1957, in rule 19A, in sub-rule (1), in the proviso, for the words “two years” the words “three years” shall be substituted.

[F.No. 5/35/CM/2006 Volume- III]
A. M. BAJAJ, Addl. Secy. (Financial Markets)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3 vide notification number S.R.O. 576, dated the 21st February, 1957 and subsequently amended vide notification numbers as under:

(1) G.S.R 1096, dated the 14th July, 1967;

(2) G.S.R. 685, dated the 3rd June, 1972;

(3) G.S.R. 959, dated the 8th August, 1972;

(4) G.S.R. 2641, dated the 1st November, 1975;

(5) G.S.R. 1083, dated the 11th November, 1985;

(6) G.S.R. 666(E), dated the 20th July, 1987;

(7) G.S.R. 1070(E), dated the 15th November, 1988;

(8) G.S.R. 870(E), dated the 13th November, 1992;

(9) G.S.R. 617(E), dated the 20th September, 1993

(10) G.S.R. 749(E), dated the 12th October, 1994;

(11) G.S.R. 790(E), dated the 7th November, 1994;

(12) G.S.R. 121(E), dated the 9th March, 1995;

(13) G.S.R. 291(E), dated the 27th March, 1995;

(14) G.S.R. 581(E), dated the 23rd December, 1996;

(15) G.S.R. 654(E), dated the 8th August, 2000;

(16) G.S.R. 655(E), dated the 8th August, 2000;

(17) G.S.R. 415(E), dated the 7th June, 2001;

(18) G.S.R. 696(E), dated the 28th August, 2003;

(19) G.S.R. 395(E), dated the 10th June, 2009;

(20) G.S.R. 469(E), dated the 4th June, 2010;

(21) G.S.R. 662(E), dated the 9th August, 2010;

(22) G.S.R.705 (E), dated the 24th October, 2013;

(23) G.S.R. 21(E), dated the 16th January, 2014;

(24) G.S.R. 611 (E), dated the 22nd August, 2014;

(25) G.S.R. 682 (E), dated the 19th September, 2014;

(26) GS.R. 819 (E), dated the 18th November, 2014;

(27) G.S.R. 125(E), dated the 25th February, 2015;

(28) G.S.R. 268(E), dated the 20th March, 2017;

(29) G.S.R. 664(E), dated the 27th June, 2017;

(30) G.S.R. 822(E), dated the 3rd July, 2017

(31) G.S.R. 675 (E), dated the 25th July, 2018.

(32) G.S.R. 738(E), dated the 3rd August, 2018 and

(33) G.S.R. 189(E), dated the 19th March, 2020

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