SEBI's Takeover Regulations: Yearly Disclosure Duties for Promoters and Groups Unaddressed by Adjudicating Officers.

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Full Text of the Document

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....Obligation cast on the promoter/promoter group to make yearly disclosure - the AO’s of SEBI have not considered the question as to whether the appellants are individual promoters or they constitute ‘promoter group’ under the respective Takeover Regulations. - SAT....