Sponsors must hold 30 % of shares.

According to a regulatory decision Directors, sponsors and promoters of a listed company in any stock exchange must jointly hold at least 30 percent of the shares in the firm for time.

It has been found that sponsors and directors often sell their shares causing a downward trend in the stock market. SEC (Securities and Exchange Commission) made the decision at a meeting yesterday.

The commission will announce the stabilization package today in the evening

Mean while, declaration about black money has already been given. This use of black money will stimulate the market. A quarter of the society is however opposing it as it will demoralize honest earners. And it will institutionalize corruption.

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