SEBI exempts public offer requirement for increase in voting rights due to forfeiture
SEBI amends Reg. 10 (relating to ‘General Exemptions’) of Takeover Code, 2011; Pursuant to the amendment, company is exempt from the obligation of making an open offer under Reg. 3 and Reg. 4, where there is an increase in voting rights arising out of the operation of sub-section (1) of Sec. 106 of Cos. Act, 2013 or pursuant to share forfeiture by target company, undertaken in compliance with provisions of Cos. Act, 2013 and its Articles of Association: Notification
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Official Blog Fema India Experts Connect with our Facebook Page:- Click and Like our Page Subscribe our Email updates like other 13,300 Members, Free/Easy/Comfortableway
SEBI amends Reg. 10 (relating to ‘General Exemptions’) of Takeover Code, 2011; Pursuant to the amendment, company is exempt from the obligation of making an open offer under Reg. 3 and Reg. 4, where there is an increase in voting rights arising out of the operation of sub-section (1) of Sec. 106 of Cos. Act, 2013 or pursuant to share forfeiture by target company, undertaken in compliance with provisions of Cos. Act, 2013 and its Articles of Association: Notification
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Official Blog Fema India Experts Connect with our Facebook Page:- Click and Like our Page Subscribe our Email updates like other 13,300 Members, Free/Easy/Comfortableway
