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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Board directions for remedial market measures require divestment, cancellation, transfer freezes, debarment, or compelled public offers. The Board may issue directions to remedy breaches of acquisition and disclosure requirements by ordering divestment through a merchant banker, transferring proceeds to an investor protection fund, cancelling shares acquired in violation, freezing transfers and attendant rights, debarment from the capital market, compelling a public offer at a Board-determined price, ordering disinvestment of excess holdings, restricting prohibited asset disposals, and requiring payment of consideration with interest for delayed or failed public offers.
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.
Board directions for remedial market measures require divestment, cancellation, transfer freezes, debarment, or compelled public offers.
The Board may issue directions to remedy breaches of acquisition and disclosure requirements by ordering divestment through a merchant banker, transferring proceeds to an investor protection fund, cancelling shares acquired in violation, freezing transfers and attendant rights, debarment from the capital market, compelling a public offer at a Board-determined price, ordering disinvestment of excess holdings, restricting prohibited asset disposals, and requiring payment of consideration with interest for delayed or failed public offers.
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