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September 2010

Government amends public shareholding requirement rules.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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Part D : COMPANY LAW


Changes relating to Company
Law for the period 15th July, 2010 to 15th August, 2010

104 Government amends public
shareholding requirement rules.

Government has issued a
Notification amending the Securities Contracts (Regulation) (Amendment) Rules,
2010 notified on 4th June 2010. This Notification allows public shareholding of
10% (as against 25% earlier) to public sector enterprises. It also provides more
flexibility to all companies in attaining the public shareholding levels.

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