Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
Competitive bidding prohibition prevents rival offers after a lead institution accepts an acquirer's public share offer for a weak company. Regulation 35 bars rival offers once a lead institution has evaluated and accepted an acquirer's public offer for shares in a financially weak company, preventing any other person from making a competitive bid for acquisition after such acceptance.
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.
Competitive bidding prohibition prevents rival offers after a lead institution accepts an acquirer's public share offer for a weak company.
Regulation 35 bars rival offers once a lead institution has evaluated and accepted an acquirer's public offer for shares in a financially weak company, preventing any other person from making a competitive bid for acquisition after such acceptance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
