https://www.taxtmi.com/acts?id=34391 The Board may grant exemptions from open offer obligations and relax procedural requirements under Chapters III and IV for reasons recorded in writing, subject to investor-protection conditions. Relaxation is linked to target companies whose boards have been superseded and which propose a transparent, competitive acquisition plan that is fair, specifies timing and manner of change of control, and does not favour a particular acquirer. Applicants must file details and the prescribed fee; the Board will hear parties, may consult experts, issue a reasoned order, and publish it on its website. en-us Fri, 04 Jan 2019 16:59:31 +0530 Fri, 29 Nov 2024 11:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34391 The Board may grant exemptions from open offer obligations and relax procedural requirements under Chapters III and IV for reasons recorded in writing, subject to investor-protection conditions. Relaxation is linked to target companies whose boards have been superseded and which propose a transparent, competitive acquisition plan that is fair, specifies timing and manner of change of control, and does not favour a particular acquirer. Applicants must file details and the prescribed fee; the Board will hear parties, may consult experts, issue a reasoned order, and publish it on its website. Act-Rules SEBI Fri, 04 Jan 2019 16:59:31 +0530 https://www.taxtmi.com/acts?id=34391