BSE vide notice dated 01 August 2024 has issued an Exemption under Rule 19A of Securities Contract (Regulation) Rules 1957 for Minimum Public Shareholding requirement for public sector company. Every listed public sector company, as defined in the Securities Contract ( Regulation) Rules 1957 (“SCRR, 1957”), which has public shareholding below twenty five per cent within the timeline stipulated in Rule 19A of SCRR, 1957, shall get exemption up to August 1, 2026 to increase its public shareholding to at least twenty five percentage.
Extension of timeline for implementation of the Circular titled “Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC”
It has been decided that the said Circular shall now come into force with effect from April 01, 2025. The Regulated Entities are therefore directed