1. Principal of the Policy a. To develop good human beings capable of rational thought and action, possessing compassion and empathy, courage and resilience, scientific temper and creative, imagination, with sound ethical moorings and values. b. It aims at producing engaged, productive, and contributing citizens for building an equitable, inclusive, and plural society as envisaged […]
1. Regulation 14(1) The PA shall be sent to all the stock exchange where the shares of the Target company are listed, and the stock exchange immediately communicates such information to the public. 2. Regulation 14(2) The PA shall be send to Board and to the target company at its registered office within 1 working day of […]
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 – [SEBI (SAST) Regulations 2011] 1. Regulation 12(1) Before PA, acquirer shall appoint a Merchant Banker, who is not associate of the acquirer, as manager to open offer. 2. Regulation 12(2) The Acquirer through such manger to open offer shall made the PA of open offer […]
1. Section 56(1) For transfer of shares there shall be following conditions- a. Proper instrument of transfer of shares in physical form shall be in Form SH-4 i.e Share Transfer Deed. b. shall be duly stamped; c. Shall be dated and executed by or on behalf of the Transferor and the Transferee, d. Share Transfer […]
1. Regulation 9(1) The payment of offer price shall be made in; a. Cash; b. by issue or transfer, or exchange of listed shares in the equity capital of the acquirer or PAC with him; c. by issue or transfer, or exchange of listed shares in the equity capital of the acquirer or PAC with […]
Substantial Acquisition of shares, Voting Rights or Control under SEBI (SAST) Regulations, 2011 Offer Size 1. Regulation 7(1) Minimum offer size shall be 26% of the total shares of the Target Company. Open offer under regulation 3, 4 for this min. offer size shall be made as on the 10th working day from the closure of the […]
Substantial Acquisition of shares, Voting Rights or Control under SEBI (SAST) Regulations, 2011 Substantial Acquisition of shares voting rights 1. Regulation 3(1) No acquirer, in any target company, shall a acquire shares or voting rights which taken together with shares or voting rights, if any, held by him and any PAC in such target company, […]
Loan to Directors under Companies Act, 2013 1. Section 185(1) Prohibition No company shall give, advance any loan, including any book debts to, or provide any security or give any guarantee in connection with any loan taken by- a. any director of company, or of a company which is its holding Company or any partner […]
Reduction of Share Capital under Section 66 of Companies Act, 2013 1. Way of Reduction of Share Capital Section 66(1) 1. Extinguishment or reduce the liability on any shares in respect of share capital not paid up; 2. either with or without extinguishment or reducing liability on any shares- i. Cancel any paid-up share Capital […]
Striking off the name of Company under Companies Act, 2013 1. Power of Registrar to remove the name of Company Section 248 On the basis on following that- 1. Company has failed to commence its business within one year from its incorporation. 2. Its not carrying on business or operation for a period of 2 […]
