Question

Under the SEBI (SAS

  • T Regulations, 2011, where two or more persons ACT in CONCERT with each other, their aggregate SHAREHOLDING/VOTING rights are taken together for the purposes of the thresholds (including the 25% open-offer trigger). The provisions on PERSONS ACTING IN CONCERT are designed to:
A Prevent persons from circumventing the threshold and disclosure obligations by splitting acquisitions among associates, the aggregate being computed together as persons acting in concert
B Exempt each person acting in concert from all obligations
C Treat every shareholder as one single person
D Remove the disclosure duty for all associates
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