Part C - SPECIAL PROVISIONS FOR A SUBSIDIARY COMPANY GETTING DELISTED THROUGH A SCHEME OF ARRANGEMENT WHEREIN THE LISTED HOLDING COMPANY AND THE SUBSIDIARY COMPANY ARE IN THE SAME LINE OF BUSINESS
Regulation 9 - Appointment of the Manager to the offer
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Part B Conditions and procedure for delisting where exit opportunity is required
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Appointment of Manager to offer required before announcement; manager must be registered merchant banker and not an associate. Appointment of a Manager to the offer is required prior to the initial public announcement; the acquirer must appoint a merchant banker registered with the Board, undertake the initial announcement and subsequent activities through that Manager, and ensure the Manager is not an associate of the acquirer.
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.
Appointment of Manager to offer required before announcement; manager must be registered merchant banker and not an associate.
Appointment of a Manager to the offer is required prior to the initial public announcement; the acquirer must appoint a merchant banker registered with the Board, undertake the initial announcement and subsequent activities through that Manager, and ensure the Manager is not an associate of the acquirer.
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