Strategic disinvestment clarified: definition covers sale reducing government shareholding below majority and effecting transfer of control. Amendment defines strategic disinvestment as a sale by the Central Government, a State Government or a public sector company that reduces their shareholding in a public sector company to below majority and effects transfer of control to the buyer; the reduction requirement applies only where the seller's shareholding exceeded majority before the sale, and the transfer-of-control requirement may be carried out by any one or more of those sellers jointly or separately.
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.
Strategic disinvestment clarified: definition covers sale reducing government shareholding below majority and effecting transfer of control.
Amendment defines strategic disinvestment as a sale by the Central Government, a State Government or a public sector company that reduces their shareholding in a public sector company to below majority and effects transfer of control to the buyer; the reduction requirement applies only where the seller's shareholding exceeded majority before the sale, and the transfer-of-control requirement may be carried out by any one or more of those sellers jointly or separately.
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