Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2001

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....nferred by sub-section (1) of 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. 1. These Regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares an....

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....estrictions - (a) for appointment of directors on the Board of the target company by the acquirer under sub-regulation (7) of Regulation 22; (b) for acting on agreement for under sub-regulation (16) of Regulation 22; (c) for appointment of directors by the target company under clause (a) of sub-regulation (3) of this Regulation; and (d) for on transfer of securi....

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....e the public announcement under the proviso to sub-regulation (1) of Regulation 14 pursuant to entering into a Share Purchase or Shareholders' Agreement with the Central Government for acquisition of shares or voting rights or control of a Public Sector Undertaking." [F.No. SEBI/LE/36209/2001] D. R. MEHTA, Chairman Footnote,- 1. SEBI (Substantial Acquisition of Shares and Takeovers....