TaxTMI 
TaxTMI 
Acquisition of 5 per cent and more shares or voting rights of a company.
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.... who acquires shares or voting rights which (taken together with shares or voting rights, if any, held by him) would entitle him to more than five per cent or ten per cent or fourteen per cent ^2[or fifty four per cent or seventy four per cent] shares or voting rights in a company, in any manner whatsoever, shall disclose at every stage the aggregate of his shareholding or voting rights in that co....
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....e target company and the stock exchange within two days of creation of pledge.] (2) The disclosures mentioned in sub-regulations (1) ^6[and (1A)] shall be made within ^7[two days] of,- (a) the receipt of intimation of allotment of shares; or (b) the acquisition of shares or voting rights, as the case may be. ^8[(2A) The stock exchange shall immediately display the information received ....
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....hich (taken together with shares or voting rights, if any, held by him) would entitle him to more than five percent shares or voting rights in a company, in any manner whatsoever, shall disclose the aggregate of his shareholding or voting rights in that company, to the company." 2. Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2005, w.e.f. 3-1-2....
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....ition of Shares and Takeovers) (Third Amendment) Regulations, 2009, w.e.f. 6-11-2009. 5. Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2002, w.e.f. 9-9-2002. 6. Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2001, w.e.f. 24-10-2001. 7. The words "four working days of" substitute....