Question
Takeover/acquisition of shares of listed companies in
India are governed by the provisions ofSolution
In case of takeover of listed companies, other than the SAST Regulations, compliance to the listing agreement is also required. The provisions of Securities Contract Regulation Act, 1957 and various rules and regulations framed there under apply in case a company has to takeover or acquire another target company. The main regulation which applies to the acquisition or takeover transaction of public companies is the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011.
Which of the following statements is/are incorrect?
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