Why equity share capital is called permanent capital?
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◦•●◉✿[ ɦεℓℓσ ]✿◉●•◦
sᴇᴄᴜʀɪᴛɪᴇs ᴀɴᴅ ᴇxᴄʜᴀɴɢᴇ ʙᴏᴀʀᴅ ᴏғ ɪɴᴅɪᴀ(sᴇʙɪ) ᴡᴀs ғɪʀsᴛ ᴇsᴛᴀʙʟɪsʜᴇᴅ ɪɴ ᴛʜᴇ ʏᴇᴀʀ 1⃣9⃣8⃣8⃣ ᴀϙғ ᴀs ᴀ ɴᴏɴ-sᴛᴀᴛᴜᴛᴏʀʏ ʙᴏᴅʏ ғᴏʀ ʀᴇɢᴜʟᴀᴛɪɴɢ ᴛʜᴇ sᴇᴄᴜʀɪᴛɪᴇs ᴍᴀʀᴋᴇᴛ. ɪᴛ ʙᴇᴄᴀᴍᴇ ᴀɴ ᴀᴜᴛᴏɴᴏᴍᴏᴜs ʙᴏᴅʏ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏғ ɪɴᴅɪᴀ ᴏɴ 1⃣2⃣ ᴍᴀʏ 1⃣9⃣9⃣2⃣ ᴀɴᴅ ɢɪᴠᴇɴ sᴛᴀᴛᴜᴛᴏʀʏ ᴘᴏᴡᴇʀs ɪɴ 1⃣9⃣9⃣2⃣ ᴡɪᴛʜ sᴇʙɪ ᴀᴄᴛ 1⃣9⃣9⃣2⃣ ʙᴇɪɴɢ ᴘᴀssᴇᴅ ʙʏ ᴛʜᴇ ɪɴᴅɪᴀɴ ᴘᴀʀʟɪᴀᴍᴇɴᴛ.
sᴇᴄᴜʀɪᴛɪᴇs ᴀɴᴅ ᴇxᴄʜᴀɴɢᴇ ʙᴏᴀʀᴅ ᴏғ ɪɴᴅɪᴀ(sᴇʙɪ) ᴡᴀs ғɪʀsᴛ ᴇsᴛᴀʙʟɪsʜᴇᴅ ɪɴ ᴛʜᴇ ʏᴇᴀʀ 1⃣9⃣8⃣8⃣ ᴀϙғ ᴀs ᴀ ɴᴏɴ-sᴛᴀᴛᴜᴛᴏʀʏ ʙᴏᴅʏ ғᴏʀ ʀᴇɢᴜʟᴀᴛɪɴɢ ᴛʜᴇ sᴇᴄᴜʀɪᴛɪᴇs ᴍᴀʀᴋᴇᴛ. ɪᴛ ʙᴇᴄᴀᴍᴇ ᴀɴ ᴀᴜᴛᴏɴᴏᴍᴏᴜs ʙᴏᴅʏ ʙʏ ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴏғ ɪɴᴅɪᴀ ᴏɴ 1⃣2⃣ ᴍᴀʏ 1⃣9⃣9⃣2⃣ ᴀɴᴅ ɢɪᴠᴇɴ sᴛᴀᴛᴜᴛᴏʀʏ ᴘᴏᴡᴇʀs ɪɴ 1⃣9⃣9⃣2⃣ ᴡɪᴛʜ sᴇʙɪ ᴀᴄᴛ 1⃣9⃣9⃣2⃣ ʙᴇɪɴɢ ᴘᴀssᴇᴅ ʙʏ ᴛʜᴇ ɪɴᴅɪᴀɴ ᴘᴀʀʟɪᴀᴍᴇɴᴛ.
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