SEBI Seeks Recognition Of Fractional Shares In Companies Amendment Bill To Boost Retail Investment
The Securities and Exchange Board of India (SEBI) has asked the Ministry of Corporate Affairs (MCA) to consider allowing the issuance and holding of fractional shares under the proposed Companies Amendment Bill, according to a report by Business Standard. Fractional shares represent ownership of less than one complete share. Such holdings can emerge from corporate actions including mergers, bonus…
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