Shareholding Pattern
Information for Shareholder’s
Pursuant to Regulation 19 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 :
“Criteria for determining a fit and proper person”
Pursuant to Regulation 20 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, a person shall be deemed to be ‘fit and proper person’ if:
The person has a general reputation and record of fairness and integrity, including but not limited to—
Financial integrity;
good reputation and character; and
honesty;
such person confirms that –
The person or any of its whole time directors or managing partners, has not been convicted by a court for any offence involving moral turpitude or any economic offence or any offence against the securities laws;
No order for winding up has been passed against the person;
The person, or any of its whole time directors or managing partners, has not been declared insolvent and has been discharged;
No order, restraining, prohibiting or debarring the person or any of its whole time directors or managing partners, from dealing in securities or from accessing the securities market, has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period specified in the order has not elapsed;
No other order against the person, or any of its whole time directors or managing partners, which has a bearing on the securities market, has been passed by the Board or any other regulatory authority, and a period of three years from the date of the order has not elapsed;
No recovery proceedings under the Act or the Securities and Exchange Board of India Act, 1992 (15 of 1992) are pending;
The person is financially sound and has never been categorised as a wilful defaulter
The person has not incurred any other disqualification(s) as specified by SEBI;
The person has not been found to be of unsound mind by a court of competent jurisdiction and have not been declared a fugitive economic offender;
The person has not been convicted of an offence involving moral turpitude