Sebi Take over Code

PROJECT REPORT SEBI [SUBSTANTIAL ACQUISITION OF SHARE AND TAKEOVER] REGULATIONS, 1997 Introduction  1.    The concept of putsch  Although, the term Takeover has not been defined under the said Regulations, the term essenti onlyy envisages the concept of an acquirer taking over the control or management of the marker company. When an acquirer, acquires corporeal total of shargons or right to vote rights of the target company, it results in the Substantial acquisition of Shares. For the purposes of understanding the implications arising from the aforesaid(prenominal) paragraph, it is necessary for us to dwell into what is the actual meaning of full-blooded quantity of shares or vote rights   2.

 Meaning of substantial quantity of shares or take rights  The said Regulations have discussed this aspect of substantial quantity of shares or voter turnout rights separately for two several(predicate) purposes: (I) For the purpose of disclosures to be made by acquirer(s): (1) 5% or more shares or voting rights: A person who, on with persons acting in concert (PAC), if any, acquires shares or voting rights (which when taken together with his existing holding) would entitle him to more than 5% or 10% or 14% shares or voting rights of target company, is required to disclose the aggregate of his shareholding or voting rights to the target company and the Stock Exchanges where the shares of the target company are traded within 2 days of receipt of intimation of allocation of shares or acquisition of shares. 2) More than 15% shares or voting rights: An acquirer who holds more than 15% shares or voting rights of the target company, shall within 21 days from the financial year oddment March 31 make yearly disclosures to the company in respect of his holdings as on the mentioned date. The target company is, in turn, required to pass on such information to all stock exchanges where the shares of target company are listed, within 30 days from the financial year ending March 31 as well... If you want to get a full essay, guild it on our website: Orderessay

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