Public Sector Banks as ‘public shareholders’ in stock exchanges

SEBI has suggested that public sector banks and financial institutions be considered as ‘public shareholders’ in stock exchanges. SEBI opined that imposing limitations on shareholding of banks and financial institutions by allowing them to hold shares in stock exchanges only as ‘public shareholders’ would adversely affect their levels of market participation. Three national stock exchanges…

Spot Delivery Contracts and Applicability of the Securities Contracts Regulation Act, 1956 to Public Unlisted Companies

Courts have been divided in their views on the applicability of the Securities Contract (Regulations) Act, 1956 to transactions involving shares of unlisted public companies. Two significant issues relating to this were decided by the Supreme Court of India recently, and the ruling could have a significantly adverse result on commercial contracts of share purchases….

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