https://www.taxtmi.com/acts?id=36142 Regulation 4 mandates that the Board constitute a Takeover Panel of majority independent persons. An acquirer seeking exemption must file an application with a sworn affidavit and pay a filing fee of fifty thousand rupees. The Board forwards the application to the panel within five days; the panel must recommend within fifteen days. The Board, after giving parties a reasonable opportunity and considering the panel's recommendation, must pass and publish a reasoned order within thirty days. en-us Sat, 02 Mar 2019 18:48:26 +0530 Mon, 04 Mar 2019 17:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36142 Regulation 4 mandates that the Board constitute a Takeover Panel of majority independent persons. An acquirer seeking exemption must file an application with a sworn affidavit and pay a filing fee of fifty thousand rupees. The Board forwards the application to the panel within five days; the panel must recommend within fifteen days. The Board, after giving parties a reasonable opportunity and considering the panel's recommendation, must pass and publish a reasoned order within thirty days. Act-Rules SEBI Sat, 02 Mar 2019 18:48:26 +0530 https://www.taxtmi.com/acts?id=36142