"20 February 1997" Archive

SEBI : (Substantial Acquisition of Shares and Takeovers) Regulations 1997

Notification No. S.O. No. 124(E) (20/02/1997)

Where there are two or more persons in control over the target company, the cesser of any one of such persons from such control shall not be deemed to be a change in control of management nor shall any change in the nature and quantum of control amongst them constitute change in control of management....

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