Minimum Public Shareholding as per Clause 40A of listing Agreement
As per Clause 40A of Listing Agreement, broadly there are two categories under which the listed companies can be classified for the purpose of 'minimum level of public shareholding', which are as follows:
- Company required to maintain public shareholding of at least 25% of the total number of issued shares of a class or kind, for every such class or kind of its shares which are listed. (hereby referred as 'Under 25% public holding')
- a government company as defined under Section 617 of the Companies Act, 1956; (hereby referred as 'Under 10% public holding')
List of companies indicating compliance/Non compliance with Clause 40A requirements for the Quarter ended December 2011 |