Fundforthepurposeoftheseregulations,- (i)familytrustssetupforthebenefitof‘relatives’asdefinedunder CompaniesAct,1956; (ii)ESOPTrustssetupundertheSecuritiesandExchangeBoardofIndia (EmployeeStockOptionSchemeandEmployeeStockPurchaseScheme), Guidelines,1999oraspermittedunderCompaniesAct,1956; ...
to 75%,so that the public holding in the company is at least 25% - the minimum required for a company to be listed.The sale will happen to institutional buyers - mutual funds,qualified institutional buyers,domestic financial institutions or foreign institutional investors-as per SEBI guidelines....
As per the guidelines, Mutual Funds would also have to include a disclaimer that "investors should consult their financial advisers if they are not clear about the suitability of the product". Amendment to SEBI [(Know Your Client) Registration Agency] Regulations, 2011 and relevant Circulars SEBI...