of total number of shares with voting right of such company; (c) a company whose shares are held by other companies in all downward levels of shareholding, beginning with the company whose shares are

held by other companies in all downward levels of shareholding, beginning with the company whose shares are held by the company under (b) and shareholding in each level exceeds fifty percent of the total

applicable to the undertakings falling outside the previous restriction. Clause 11. This Notification shall come into force as from the day following the date of its publication in the Government Gazette

declining to clients . Clause 12 A securities company shall not mislead its counterparty regarding material facts of securities trading by refraining from disclosure of information, distortion of information