0475-2021 Pawan Kumar Ruia vs SEBI and Another

SAT · Final order

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Full text

person shall comply with the conditions of the listing agreement with that stock exchange.” Continuous Listing Requirement. “19A. (1) Every listed company other than public sector company shall maintain public shareholding of at least twenty five per cent.: Provided that any listed company which has public shareholding below twenty five per cent, on the commencement of the Securities Contracts (Regulation) (Amendment) Rules, 2010, shall increase its public shareholding to at least twenty five per cent, within a period of three years from the date of such commencement

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

Source: SecMarx — 0475-2021 Pawan Kumar Ruia vs SEBI and Another. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.