Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Manner of acquisition of shares requires competitive offers and selection based on managerial, financial and technical capacity. Regulation 31 requires the lead institution implementing a rehabilitation scheme to solicit offers from multiple potential acquirers, select one based on managerial competence, financial resources and technical capability, and provide bidders with comprehensive company information and the minimum financial and other commitments expected of the acquirer for rehabilitation.
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.
Manner of acquisition of shares requires competitive offers and selection based on managerial, financial and technical capacity.
Regulation 31 requires the lead institution implementing a rehabilitation scheme to solicit offers from multiple potential acquirers, select one based on managerial competence, financial resources and technical capability, and provide bidders with comprehensive company information and the minimum financial and other commitments expected of the acquirer for rehabilitation.
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