https://www.taxtmi.com/acts?id=34412 The Board may, in the interest of investors and the securities market, issue directions to remedy or prevent violations of takeover regulations, including divestiture of shares acquired in breach, transfer of proceeds to the investor protection fund, restraints on transfers and voting rights, debarring market access, directing or enforcing open offers with interest for delays or defaults, ordering cessation of uncompliant control, restricting disposals inconsistent with offer terms, and reducing shareholding to permissible non-public limits; proceedings must comply with the principles of natural justice and the Board may proceed against non-compliant intermediaries. en-us Fri, 04 Jan 2019 18:19:07 +0530 Thu, 29 Aug 2024 17:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34412 The Board may, in the interest of investors and the securities market, issue directions to remedy or prevent violations of takeover regulations, including divestiture of shares acquired in breach, transfer of proceeds to the investor protection fund, restraints on transfers and voting rights, debarring market access, directing or enforcing open offers with interest for delays or defaults, ordering cessation of uncompliant control, restricting disposals inconsistent with offer terms, and reducing shareholding to permissible non-public limits; proceedings must comply with the principles of natural justice and the Board may proceed against non-compliant intermediaries. Act-Rules SEBI Fri, 04 Jan 2019 18:19:07 +0530 https://www.taxtmi.com/acts?id=34412