Chapter III - SUBSTANTIAL ACQUISITION OF SHARES OR VOTING RIGHTS IN AND ACQUISITION OF CONROL OVER A LISTED COMPANY (From Regulation 10 to Regulation 29A)
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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Communication of findings: Board must notify affected parties, allow a hearing, then order measures to ensure market compliance. The Board must convey investigation findings to the acquirer, seller, target company and merchant banker, afford them an opportunity to be heard, consider any reply, and may direct those parties to take measures deemed fit to protect the securities market and ensure compliance with the Act and regulations.
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.
Communication of findings: Board must notify affected parties, allow a hearing, then order measures to ensure market compliance.
The Board must convey investigation findings to the acquirer, seller, target company and merchant banker, afford them an opportunity to be heard, consider any reply, and may direct those parties to take measures deemed fit to protect the securities market and ensure compliance with the Act and regulations.
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