Company Exceeds 55% Shareholding Limit; Section 11 Breach Deemed Unintentional, Penalty Reduced Under Takeover Regulations, 1997. https://www.taxtmi.com/highlights?id=46699 Increase of shareholding beyond 55% - violation of Section 11 of the Takeover Regulations, 1997 - the default is inadvertent, technical and, in any case, unintentional - quantum of penalty reduced. en-us Wed, 22 May 2019 07:03:35 +0530 Wed, 22 May 2019 07:03:35 +0530 TaxTMI RSS Generator Company Exceeds 55% Shareholding Limit; Section 11 Breach Deemed Unintentional, Penalty Reduced Under Takeover Regulations, 1997. https://www.taxtmi.com/highlights?id=46699 Increase of shareholding beyond 55% - violation of Section 11 of the Takeover Regulations, 1997 - the default is inadvertent, technical and, in any case, unintentional - quantum of penalty reduced. Highlights SEBI Wed, 22 May 2019 07:03:35 +0530 https://www.taxtmi.com/highlights?id=46699