TaxTMI 
TaxTMI 
Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) (Amendment) Regulations, 2004.
X X X X Extracts X X X X
X X X X Extracts X X X X
....red by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, namely:- 1. (i) These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sting shareholding, if any, of the merchant banker in the target company ;" (iii) in regulation 20, (a) in sub-regulation (3), for the words "twenty one days" the words "seven days" shall be substituted. (b) in sub-regulation (4), in clause (c) the word "closing" appearing after the words "the daily high and low of the" and before the words "prices of the shares" shall be omitted. (iv)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ouncement and the letter of offer". (b) after sub-regulation (5), the following shall be inserted, namely :- "(5A) The merchant banker shall not deal in the shares of the target company during the period commencing from the date of his appointment in terms of regulation 13 till the expiry of the fifteen days from the date of closure of the offer." (vii) in regulation 28, in sub-regu....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 1. SEBI (Substantial Acquisition of Shares and Takeovers)(Amendment) Regulations, 1998 published in the Official Gazette vide S.O. 930(E) dated 28th October 1998. 2. SEBI (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000, published in the Official Gazette vide S.O.278(E) dated 28th March 2000 . 3. SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) R....