Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015 - SEBI/LAD-NRO/GN/2015-16/009 - SEBI
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Scope of takeover regulations narrowed: acquisitions in companies listed without public issue on institutional trading platforms excluded. The substituted proviso to regulation 1(3) provides that the regulations shall not apply to direct and indirect acquisition of shares, voting rights, or control over a company listed without making a public issue on the institutional trading platform of a recognized stock exchange, thereby exempting such acquisitions from the Substantial Acquisition and Takeovers 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.
Scope of takeover regulations narrowed: acquisitions in companies listed without public issue on institutional trading platforms excluded.
The substituted proviso to regulation 1(3) provides that the regulations shall not apply to direct and indirect acquisition of shares, voting rights, or control over a company listed without making a public issue on the institutional trading platform of a recognized stock exchange, thereby exempting such acquisitions from the Substantial Acquisition and Takeovers Regulations.
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