 "SEBI")
The Ministry of Corporate Affairs (MCA) is holding consultations with the Securities and Exchange Board of India (Sebi) for allowing the issuance and ownership of fractional shares, a senior government official said.
Fractional shares, mean a fraction instead of one whole share of a company. At present, Sebi and MCA regulations do not allow the issuance and holding of fractional shares.
A senior official said that Sebi has views on this issue since it impacts the listed companies and will soon be making a presentation to MCA.
The Company Law Committee, in its suggestions for amending the Companies Act last
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