https://www.taxtmi.com/acts?id=12400 Acquirers-individuals, firms, groups, constituents of groups, and bodies corporate under the same management-may not acquire or agree to acquire equity shares in a public company or its private subsidiary if the intended acquisition, together with existing holdings, would exceed the twenty-five per cent paid-up equity share capital threshold, except with the prior approval of the Central Government; companies majority-owned by the Central Government, statutory corporations, and financial institutions are barred from transferring such shares to a prohibited acquirer unless that acquirer has obtained that approval. en-us Sat, 07 May 2011 18:48:27 +0530 Sat, 07 May 2011 18:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12400 Acquirers-individuals, firms, groups, constituents of groups, and bodies corporate under the same management-may not acquire or agree to acquire equity shares in a public company or its private subsidiary if the intended acquisition, together with existing holdings, would exceed the twenty-five per cent paid-up equity share capital threshold, except with the prior approval of the Central Government; companies majority-owned by the Central Government, statutory corporations, and financial institutions are barred from transferring such shares to a prohibited acquirer unless that acquirer has obtained that approval. Act-Rules Companies Law Sat, 07 May 2011 18:48:27 +0530 https://www.taxtmi.com/acts?id=12400