Central Government approval for share acquisition required; detailed disclosures, valuation and funding information must accompany applications. Form prescribes the information and enclosures required for seeking Central Government approval to acquire shares, including applicant and target particulars, assessment of dominant undertaking status, detailed investment particulars (number, nature, price and justification), valuation support via break-up and yield-based schedules, funding and borrowing details, compliance with other statutory and foreign exchange requirements, disclosure of any change in board composition, and submission of audited financial statements and prescribed fees.
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Provisions expressly mentioned in the judgment/order text.
Central Government approval for share acquisition required; detailed disclosures, valuation and funding information must accompany applications.
Form prescribes the information and enclosures required for seeking Central Government approval to acquire shares, including applicant and target particulars, assessment of dominant undertaking status, detailed investment particulars (number, nature, price and justification), valuation support via break-up and yield-based schedules, funding and borrowing details, compliance with other statutory and foreign exchange requirements, disclosure of any change in board composition, and submission of audited financial statements and prescribed fees.
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