s 23 Restriction on exchange holding company from reducing its shareholding
No exchange holding company shall reduce its shareholding in a stock exchange, a futures exchange, an approved clearing house or a central depository, as the case may be, to a level below seventy five per centum, or such other percentage as may be specified from time to time by the Minister, of the total issued and paid-up capital in the stock exchange, futures exchange, approved clearing house or central depository, as the case may be, without first obtaining the written approval of the Minister.