Takeover arrangement requires supermajority member applicant to file registered valuer report and deposit prescribed consideration in separate account. The amendment permits a member-led takeover arrangement where a member with a supermajority shareholding applies to acquire remaining equity shares; it defines covered 'shares' and excludes certain transfers. Applications must include a registered valuer's report using specified valuation parameters and details of a separately opened bank account holding a prescribed portion of the takeover consideration. The Schedule of Fees is updated to prescribe the application fee.