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of <h1>New takeover rules mandate independent registered valuer under section 247 for share pricing under regulations 8 and 9</h1> The notification amends the 2011 Takeover Regulations to introduce the defined term 'valuer' aligned with section 247 of the Companies Act, 2013. It mandates that share valuations required under regulation 8 and regulation 9 be conducted by an independent registered valuer instead of the acquirer, manager to the open offer, merchant banker, or independent chartered accountant. The Securities and Exchange Board of India may, at the acquirer's cost, require such independent valuation. Transitional provisions allow existing valuation assignments, commenced before the amendments take effect, to be completed within nine months from the commencement date. The amendments come into force 30 days after publication in the Official Gazette.
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