SECURITIES CONTRACTS (REGULATION) RULES, 1957 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

* SECURITIES CONTRACTS (REGULATION) RULES, 1957 In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules, the same having been previously published as required by sub-section (3) of the said section, namely :— Short title. These rules may be called the Securities Contracts (Regulation) Rules, 1957. Definitions. 2. In these rules, unless the context otherwise requires,— (a) “form” means a form appended to these rules; (b) “the Act” means the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (c) "Government company" means a company in which not less than fifty-one per cent of the share capital is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments; 1 [(d) "public" means persons other than – (i) the promoter and promoter group; (ii) subsidiaries and associates of the company. Explanation: For the purpose of this clause the words "promoter" and "promoter group" shall have the same meaning as assigned to them under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;] 2 [(da) "public sector company" means a body corporate constituted by an Act of Parliament or any State Legislature and includes a government company:] 3 [(e) "public shareholding" means equity shares of the company held by public including shares underlying the depository receipts if the holder of such depository receipts has the right to issue voting instruction and such depository receipts are listed on an international exchange in accordance with the Depository Receipts Scheme, 2014: Provided that the equity shares of the company hel