https://www.taxtmi.com/notifications?id=128189 The amendment authorises the Board to relax one or more provisions of Chapter III where a government or regulatory authority has removed the target's board and appointed directors who propose a transparent, fair and competitive plan for continued operation and change of control; the Board may impose conditions and will grant relief only if the process, timing and details are reasonable and in the public and investor interest. It also provides that no public announcement for a competitive bid shall be made after an acquirer has announced pursuant to such a relaxation. en-us Fri, 13 Feb 2009 00:00:00 +0530 Sat, 09 Feb 2019 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128189 The amendment authorises the Board to relax one or more provisions of Chapter III where a government or regulatory authority has removed the target's board and appointed directors who propose a transparent, fair and competitive plan for continued operation and change of control; the Board may impose conditions and will grant relief only if the process, timing and details are reasonable and in the public and investor interest. It also provides that no public announcement for a competitive bid shall be made after an acquirer has announced pursuant to such a relaxation. Notifications SEBI Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128189