SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY - Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997
Control in takeovers governs appointment and policy rights, defining acquirer scope and persons acting in concert. Definitions delineate regulatory scope: acquirer includes any person who directly or indirectly acquires or agrees to acquire shares, voting rights or ... Summary
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Control in takeovers governs appointment and policy rights, defining acquirer scope and persons acting in concert.
Definitions delineate regulatory scope: acquirer includes any person who directly or indirectly acquires or agrees to acquire shares, voting rights or control in a listed target company, alone or with persons acting in concert. Control covers the right to appoint a majority of directors or to determine management or policy decisions by shareholding, management rights, shareholders' or voting agreements, or other means; arrangements among multiple controllers and transitions of control are qualified. Persons acting in concert are those cooperating for a common acquisition objective, with specified presumptive categories.
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