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
Acquisition of shares by state public financial institutions requires adherence to takeover rehabilitation provisions with a designated compliance agency. Regulation 37 provides that when a State level public financial institution proposes to acquire shares in a financially weak company, the takeover ... Summary
Acquisition of shares by state public financial institutions requires adherence to takeover rehabilitation provisions with a designated compliance agency.
Regulation 37 provides that when a State level public financial institution proposes to acquire shares in a financially weak company, the takeover provisions applicable to a public financial institution's scheme of rehabilitation apply, but the Industrial Development Bank of India is designated as the agency responsible for ensuring compliance with those regulations in respect of the acquisition.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.