Regulation 6A - Notwithstanding anything contained in these regulations, no person who is a wilful defaulter shall make a public announcement .....
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Chapter II SUBSTANTIAL ACQUISITION OF SHARES, VOTING RIGHTS OR CONTROL
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Wilful defaulter restriction bars public open-offer announcements and transactions triggering offer obligations; competing offers allowed under a narrow exception. A person who is a wilful defaulter is prohibited from making public announcements of open offers or entering into transactions that would attract the ... Summary
Wilful defaulter restriction bars public open-offer announcements and transactions triggering offer obligations; competing offers allowed under a narrow exception.
A person who is a wilful defaulter is prohibited from making public announcements of open offers or entering into transactions that would attract the obligation to make such announcements under the takeovers regulations, with a narrow exception allowing a competing offer where another open offer has been made.
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