SEBI on July 24, published its consultation paper on ‘Consultative Paper on Revision of Provisions pertaining to Reclassification of Shareholders’, wherein SEBI has proposed a three phase process for reclassification of promoters as public shareholders. The issue of re-classification had
SEBI vide its circular dated 22 February 2018 has provided the following methods for complying with the Minimum Public Shareholding (MPS) requirement: Open market sale of shares held by the promoters/promoters group up to 2% of the paid-up equity share
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