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 40 - Obligations on investigation by the Board.
Securities And Exchange Board of India(Substantial Acquisition of Shares And Takeovers) Regulations, 1997 Chapter V INVESTIGATION AND ACTION BY THE BOARD
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Duty to produce records: regulated parties must provide documents, premises access and assistance during regulatory investigations. Regulation 40 requires acquirers, sellers, target companies, merchant bankers and their directors, officers and employees to produce books, securities, accounts, records and other documents and to furnish statements and information as the investigating officer reasonably requires; to grant reasonable access to premises and facilities for examining documents and computer data and to provide copies of relevant materials; and to submit to examination and recording of statements and to give all reasonable assistance in connection with the investigation.
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.
Duty to produce records: regulated parties must provide documents, premises access and assistance during regulatory investigations.
Regulation 40 requires acquirers, sellers, target companies, merchant bankers and their directors, officers and employees to produce books, securities, accounts, records and other documents and to furnish statements and information as the investigating officer reasonably requires; to grant reasonable access to premises and facilities for examining documents and computer data and to provide copies of relevant materials; and to submit to examination and recording of statements and to give all reasonable assistance in connection with the investigation.
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