Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Competitive Bids Restricted: Regulation 35 Bars Offers on Financially Weak Firms Post Lead Institution's Acceptance of Initial Bid.</h1> Regulation 35 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, prohibits any person from making a competitive bid to acquire shares of a financially weak company once the lead institution has evaluated and accepted the bid from an acquirer who has publicly announced an offer to acquire shares from shareholders, excluding the promoters or management of the financially weak company.