What is the rule 19A of the Securities Contracts Regulation Rules 1957? (2024)

What is the rule 19A of the Securities Contracts Regulation Rules 1957?

Rule 19A of the SCR Rules requires listed companies to maintain minimum public shareholding of at least 25%. Prior to the Amendment, sub-rule (6) of Rule 19A provided that the Central Government may, in the public interest, exempt any listed public sector company from provisions of Rule 19A.

What is Section 19 of Securities Contract regulation Act?

(1)No person shall, except with the permission of the Central Government, organise or assist in organising or be a member of any stock exchange (other than a recognised stock exchange) for the purpose of assisting in, entering into or performing any contracts in securities.

What is the rule 19 2 of SCRR?

Clause (b) of sub-rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957 (SCRR) lays down limits of minimum offer and allotment to the public and rule 19A lays down requirement of maintaining minimum public shareholding at twenty five per cent.

What is the security Contract regulation Act 1957?

An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.

What is Section 21a of the Securities Contracts regulation Act 1956?

(1)A recognised stock exchange may delist the securities, after recording the reasons therefor, from any recognised stock exchange on any of the ground or grounds as may be prescribed under this Act :Provided that the securities of a company shall not be delisted unless the company concerned has been given a reasonable ...

What is Section 17A of securities contract regulation Act?

17 A. (1) Without prejudice to the provisions contained in this Act or any other law for the time being in force, no securities of the nature referred to in sub-clause (ie) of clause (h) of section 2 shall be offered to the public or listed on any recognised stock .

What is Rule 17A Securities Act?

Section 17A of the Act, and the rules promulgated thereunder, contain requirements for registered transfer agents relating to, among other things, processing securities transfers, safekeeping of investor and issuer funds and securities, and maintaining records of investor ownership.

What is Rule 19 2 and Rule 19A of the Securities Contracts Regulation Rules 1957?

Rule 19A of the Securities Contracts (Regulation) Rules, 1957 provides for maintenance of minimum public shareholding and its attainment within a specified period. Extract of Rule 19A: 1. Every listed company (other than PSU) shall maintain public shareholding of at least 25%.

What is the rule 21 of the Securities Contracts Regulation Rules 1957?

Conditions for listing. Where securities are listed on the application of any person in any recognised stock exchange, such person shall comply with the conditions of the listing agreement with that stock exchange.

What is Section 27 of the Securities Contracts Regulation Act 1956?

(1)It shall be lawful for the holder of any security whose name appears on the books of the company issuing the said security to receive and retain any dividend declared by the company in respect thereof for any year, notwithstanding that the said security has already been transferred by him for consideration, unless ...

What is Section 9 of the Securities Contracts Regulation Act 1956?

Power of recognised stock exchanges to make bye-laws. (1)Any recognised stock exchange may, subject to the previous approval of the Securities and Exchange Board of India, make bye-laws for the regulation and control of contracts.

What is Section 23 of the Securities Contracts regulation Act 1956?

(1)Any person aggrieved, by the order or decision of the recognized stock exchange or the adjudicating officer or any order made by the Securities andExchange Board of India under or sub-section (3) of section 23-I, may prefer an appeal before the Securities Appellate Tribunal and the provisions of sections 22B, 22C, ...

What is Section 24 of the Securities Contracts regulation Act 1956?

(1)Where an offence has been committed by a company, every person who, at the time when the offence was committed, was in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence, and shall be liable to be ...

What is Section 15 of securities contract regulation Act?

No member of a recognised stock exchange shall in respect of any securities enter into any contract as a principal with any person other than a member of a recognised stock exchange, unless he has secured the consent or authority of such person and discloses in the note, memorandum or agreement of sale or purchase that ...

What is the rule 19 of the securities contract regulation rules?

Rule 19A of the SCR Rules requires listed companies to maintain minimum public shareholding of at least 25%. Prior to the Amendment, sub-rule (6) of Rule 19A provided that the Central Government may, in the public interest, exempt any listed public sector company from provisions of Rule 19A.

What is Section 16 of securities Contract regulation Act?

Power to prohibit contracts in certain cases.

What is Section 3 of the securities Contract regulation Act 1956?

3. (1) Any stock exchange, which is desirous of being recognised for the purposes of this Act, may make an application in the prescribed manner to the Central Government.

What is Section 19 G )( 1 of the Securities Exchange Act of 1934?

Section 19(g)(1) of the Exchange Act, among other things, requires FINRA to comply with the Exchange Act, the rules and regulations thereunder, and FINRA's own rules and, absent reasonable justification or excuse, to enforce compliance by its members and persons associated with its members with such provisions.

What is Section 20 of the Securities Act?

Under Section 20(b), the SEC can seek injunctions against the sale or issue of securities if the Securities Act has been violated or if a violation is imminent.

What is Section 20 of the Securities Exchange Act?

Section 20 (codified in 15 U.S.C. § 78t) provides for joint and several liability for people who control or abet violators of the Exchange act, thus increasing the chance that an investor will be able to collect any damages that are awarded.

What is the minimum public shareholding required under the Securities Contracts Regulation Rules 1957?

It stated that all listed companies would be required to maintain at least 25% shareholding with public for the purpose of continuous listing. However, the companies, which were permitted to make an Initial Public Offer with at least 10% offer to public, shall maintain at least 10% public holding.

Can a US investor buy Reg S?

Reg S focuses on non-U.S. investors, while Reg D primarily targets accredited investors within the United States. This distinction determines the geographical reach and the applicable securities laws.

What is Section 27 of the Securities Exchange Act of 1934?

Section 27 of the Exchange Act grants federal courts exclusive jurisdiction over “all suits in equity and actions at law brought to enforce any liability or duty created by [the Exchange Act] or the rules or regulations thereunder.” In opposing remand, defendants argued that federal jurisdiction was proper based on a ...

What is Section 11 of the Securities Exchange Act of 1934?

Section 11 provides that issuers, underwriters, officers and directors of the issuer, and any other expert who helped prepare the registration statement (e.g. accountants, lawyers) are strictly liable for any misrepresentation or omission of material information, i.e. securities fraud, in their registration statement.

What is Section 14 of the Securities Exchange Act of 1934?

(e) It shall be unlawful for any person to make any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made, in the light of the circ*mstances under which they are made, not misleading or to engage in any fraudulent, deceptive, or manipulative acts or ...

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