Answer & Explanation
Option: As per the key proposals, a resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years.
Explanation:
Securities and Exchange Board of India (SEBI) proposed a new framework for ownership of market infrastructure institutions to facilitate new entrants to set up stock exchanges and depositories. As per the key proposals, a resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years. Foreign individuals or entities from other than FATF member jurisdictions may acquire or hold up to 10% in an MII.
