2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7%
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10%
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4%
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5%
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Detailed explanation-1: -The Minimum Public Shareholding (MPS) rule is applicable to all listed companies in India. As per the rule, 25% of the outstanding equity shares of the company must be compulsorily held by the public.
Detailed explanation-2: -4.1. 1 In a public issue by an unlisted company, the promoters shall contribute not less than 20% of the post issue capital. 4.2. 1 The promoters shareholding after offer for sale shall not be less than 20% of the post issue capital.
Detailed explanation-3: -According to the rule, companies are required to have a public shareholding of at least 25% within three years of being listed. However, state-owned entities are exempt from the minimum public holding rule.
Detailed explanation-4: -General SEBI guidelines: The organisation must not get into legal contracts with a depository. The equity shares that are partly paid-up must be fully paid up. 50% of the Board of directors can be independent investors. Directors or promoters must not be guilty of the economic offence.