We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Regulation 22 - General obligations of the acquirer.
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
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Acquirer obligations require firm financial arrangements, escrow creation, disclosure and restricted board appointments during takeover offers. Regulation 22 requires the acquirer to announce an offer only when able to implement it, send the draft letter of offer promptly to the target board and listing exchanges, and ensure the letter reaches all registered shareholders and eligible custodians and security holders within the prescribed timetable. The regulation prescribes the latest opening date and minimum offer period, permits withdrawal of acceptances within a limited window, mandates director responsibility for offer documents, and requires creation of an escrow, firm financial arrangements and disclosure of such arrangements.
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.
Acquirer obligations require firm financial arrangements, escrow creation, disclosure and restricted board appointments during takeover offers.
Regulation 22 requires the acquirer to announce an offer only when able to implement it, send the draft letter of offer promptly to the target board and listing exchanges, and ensure the letter reaches all registered shareholders and eligible custodians and security holders within the prescribed timetable. The regulation prescribes the latest opening date and minimum offer period, permits withdrawal of acceptances within a limited window, mandates director responsibility for offer documents, and requires creation of an escrow, firm financial arrangements and disclosure of such arrangements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
