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SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Act ID: 2011
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
"Regulations governing substantial acquisition of shares and takeovers."
Table of Contents
38 Sections
Ch. 1
Full Text
S.1
Short title, commencement and applicability
S.2
Definitions
S.3
Substantial acquisition of shares or voting rights
S.4
Acquisition of control
S.5
Indirect acquisition of shares or control
S.5A
[ Delisting offer. [Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2015, w.e.f. 24-03-2015.]
S.6
Voluntary Offer
S.6A
[ [Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016, w.e.f. 25-05-2016.]
S.6B
[ [Inserted by Notification No. SEBI/LAD-NRO/GN/2018/33, dated 11.9.2018 (w.e.f. 23.9.2011).]
S.7
Offer Size
S.8
Offer Price
S.9
Mode of payment
S.10
General exemptions
S.11
Exemptions by the Board
S.12
Manager to the open offer
S.13
Timing
S.14
Publication
S.15
Contents
S.16
Filing of letter of offer with the Board
S.17
Provision of escrow
S.18
Other procedures
S.19
Conditional offer
S.20
Competing offers
S.21
Payment of consideration
S.22
Completion of acquisition
S.23
Withdrawal of open offer
S.24
Directors of the target company
S.25
Obligations of the acquirer
S.26
Obligations of the target company
S.27
Obligations of the manager to the open offer
S.28
Disclosure-related provisions
S.29
Disclosure of acquisition and disposal
S.30
Continual disclosures
S.31
Disclosure of encumbered shares
S.32
Power to issue directions
S.33
Power to remove difficulties
S.34
Amendment to other regulations
S.35
Repeal and Savings