https://www.taxtmi.com/notifications?id=128688 Where a public announcement under the proviso to Regulation 14(1) follows a Share Purchase or Shareholders' Agreement with the Central Government for acquisition of a PSU, certain restrictions on director appointments, acting under agreements, transfers of securities and board changes do not apply if the sale agreement contains a reversion clause vesting shares or control back to the Central Government on non-compliance and provides for Central Government-imposed penalties; no competitive bid announcement may follow such an acquirer's announcement. en-us Wed, 12 Sep 2001 00:00:00 +0530 Tue, 26 Feb 2019 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128688 Where a public announcement under the proviso to Regulation 14(1) follows a Share Purchase or Shareholders' Agreement with the Central Government for acquisition of a PSU, certain restrictions on director appointments, acting under agreements, transfers of securities and board changes do not apply if the sale agreement contains a reversion clause vesting shares or control back to the Central Government on non-compliance and provides for Central Government-imposed penalties; no competitive bid announcement may follow such an acquirer's announcement. Notifications SEBI Wed, 12 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128688