The Govt. has notified the Securities Contracts (Regulation) (Amendment) Rules, 2018 wherein new proviso has been inserted which explicates that where the public shareholding in a listed company falls below 25 %, as a result of implementation of resolution plan approved under section 31 of the Insolvency and Bankruptcy Cod, 2016, such company shall bring the public shareholding to 25 % within a maximum period of 3 years from the date of such fall, in the manner specified by the SEBI.
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