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        SEBI

        Regulation 6A - Notwithstanding anything contained in these regulations, no person who is a wilful defaulter shall make a public announcement .....

        Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
        Chapter II
        SUBSTANTIAL ACQUISITION OF SHARES, VOTING RIGHTS OR CONTROL

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        Wilful defaulter restriction bars public open-offer announcements and transactions triggering offer obligations; competing offers allowed under a narrow exception. A person who is a wilful defaulter is prohibited from making public announcements of open offers or entering into transactions that would attract the obligation to make such announcements under the takeovers regulations, with a narrow exception allowing a competing offer where another open offer has been made.
                        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.

                              Wilful defaulter restriction bars public open-offer announcements and transactions triggering offer obligations; competing offers allowed under a narrow exception.

                              A person who is a wilful defaulter is prohibited from making public announcements of open offers or entering into transactions that would attract the obligation to make such announcements under the takeovers regulations, with a narrow exception allowing a competing offer where another open offer has been made.


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