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The concept of Golden Share is designed to
grant autonomy to Public Sector units
Implement ‘golden handshake’ schemes in public sector units
introduce the gold bond scheme
grant veto power to the government to veto management decisions in such of the PSUs where government’s shareholding is diluted to 26% or below
The concept of Golden Share is designed to grant veto power to the government to veto management decisions in such of the PSUs where government’s shareholding is diluted to 26% or below. OR 'Golden Share' is a type of share that gives its shareholder veto power over changes to the company's charter. A golden share holds special voting rights, giving its holder the ability to block another shareholder from taking more than a ratio of ordinary shares.
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