Submission of letter of offer to the Board.

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.... announcement made under regulation 10, 11 or 12 as the case may be, the acquirer shall, through its merchant banker, file with the Board, the draft of the letter of offer containing disclosures as specified by the Board. (2) The letter of offer shall be despatched to the shareholders not earlier than 21 days from its submission to the Board under sub-regulation (1): Provided that if, within 21 ....

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....ter of offer with the Board under sub-regulation (1), pay a fee as mentioned in the following table, by bankers' cheque or demand draft drawn in favour of the 'Securities and Exchange Board of India', payable at Mumbai: Offer size Fee (Rs.) Less than or equal to ten crore rupees. One lakh rupees (Rs. 1,00,000) More than ten crore rupees, but less than or equal to one thousand crore rupees. 0....

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....) Regulations, 2007 w.e.f. 28-5-2007 and SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2006 w.e.f. 21-8-2006, read as under: "(3) The acquirer shall, while filing the draft letter of offer with the Board under sub-regulation (1), pay a fee as mentioned in the following table, by bankers' cheque or demand draft drawn in favour of the 'Securities and Exchang....