TaxTMI 
TaxTMI 
Power to issue directions
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....rket, issue such directions 1[or any other order] as it deems fit under section 11 or section 11B or section 11D of the Act, including,- (a) directing divestment of shares acquired in violation of these regulations, whether through public auction or in the open market, or through an offer for sale under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Reg....
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....apital market or dealing in securities for such period as may be directed, having regard to the nature and gravity of the violation; (f) directing the acquirer to make an open offer for acquiring shares of the target company at such offer price as determined by the Board in accordance with these regulations; (g) directing the acquirer not to cause, and the target company not to effect, any dis....
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.... offer but has delayed making payment of the open offer consideration to shareholders, to pay interest at such rate as considered appropriate by the Board for the delayed period; (k) directing any person to cease and desist from exercising control acquired over any target company without complying with the requirements under these regulations; (l) directing divestiture of such number of shares....