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
Regulation 12 - Acquisition of control over a company.
Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997 Chapter III SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY
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Acquisition of control requires a public offer before takeover, with specified shareholder-resolution exceptions and postal ballot provision. Acquisition of control over a listed company requires a public announcement and acquisition in accordance with the regulations; a change of control ... Summary
Referred In :
Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Acquisition of control requires a public offer before takeover, with specified shareholder-resolution exceptions and postal ballot provision.
Acquisition of control over a listed company requires a public announcement and acquisition in accordance with the regulations; a change of control effected by a special resolution of shareholders is exempted, provided postal ballot facility is offered. Acquisition includes direct or indirect control gained via acquisition of companies, listed or unlisted, in India or abroad.
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