Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021 - SEBI/LAD-NRO/GN/2021/46 - SEBI
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Aggregate shareholding disclosure: acquirers and persons acting in concert must report at the prescribed threshold; depository encumbrance exempt. Regulation 29 is amended to require acquirers, together with persons acting in concert, to disclose their aggregate shareholding and voting rights in a target company upon reaching the prescribed threshold; regulation 30 is omitted; and regulation 31 is amended to exempt encumbrance disclosure where the encumbrance is undertaken in a depository. The amendments take effect from April 1, 2022.
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.
Aggregate shareholding disclosure: acquirers and persons acting in concert must report at the prescribed threshold; depository encumbrance exempt.
Regulation 29 is amended to require acquirers, together with persons acting in concert, to disclose their aggregate shareholding and voting rights in a target company upon reaching the prescribed threshold; regulation 30 is omitted; and regulation 31 is amended to exempt encumbrance disclosure where the encumbrance is undertaken in a depository. The amendments take effect from April 1, 2022.
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