Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Exemptions from Takeover Regulations: specified allotments, transfers and institutional acquisitions excluded subject to disclosure and reporting. Regulation 3 lists transactions and persons exempt from the substantial acquisition and takeover provisions, including specified allotments, rights issues, underwriter allotments, inter se transfers among groups, relatives and qualifying promoters, institutional and market-making acquisitions, transfers on succession, government company acquisitions, and scheme-driven transfers, subject to conditions. Exemptions may require prior identity and purpose disclosures, minimum prior holdings, compliance with shareholding disclosure rules, price limits for inter se transfers, advance stock exchange notification for large transfers, post-acquisition reporting with supporting documents and payment of a prescribed fee, and do not apply where acquisitions confer voting rights via depository receipts unless converted.
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.
Provisions expressly mentioned in the judgment/order text.
Exemptions from Takeover Regulations: specified allotments, transfers and institutional acquisitions excluded subject to disclosure and reporting.
Regulation 3 lists transactions and persons exempt from the substantial acquisition and takeover provisions, including specified allotments, rights issues, underwriter allotments, inter se transfers among groups, relatives and qualifying promoters, institutional and market-making acquisitions, transfers on succession, government company acquisitions, and scheme-driven transfers, subject to conditions. Exemptions may require prior identity and purpose disclosures, minimum prior holdings, compliance with shareholding disclosure rules, price limits for inter se transfers, advance stock exchange notification for large transfers, post-acquisition reporting with supporting documents and payment of a prescribed fee, and do not apply where acquisitions confer voting rights via depository receipts unless converted.
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