Regulation 38. Minimum Public Shareholding.
Effective date 01.12.2015
Minimum Public Shareholding.
38.The listed entity shall comply with the requirements specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules,1957 in the manner as specified by the Board from time to time:
Provided that provisions of this regulation shall not apply to entities listed on
institutional trading platform without making a public issue.
- Refer SEBI Circular dated 03.02.2023 and BSE Circular dated 15.02.2023 regarding revised manner of achieving minimum public shareholding. To view the SEBI circular, Click here. To view the BSE circular, Click here.
- Refer circular dated 14.05.2020 for relaxation on compliance from MPS due to COVID. To view the circular,Click Here
- Refer circular CFD/CMD/CIR/P/2017/115 and SEBI/HO/CFD/CMD/CIR/P/43/2018. To view the circular,Click Here
Substituted vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021 notification dated 05.05.2021. To view the notification, Click Here