FREQUENTLY ASKED QUESTIONS
ON
SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011
Attached File : 149668 959815 faq on sebi sast regulation 2011.pdf downloaded: 1983 times
Notification of SEBI (SAST) Regulations, 2011
| Annual Disclosures | ||
| Descripttion | Compliance under Regulation | |
| Annual disclosures of shareholding to Target Company by promoters, persons acting in concert & persons holding 25% or more of the voting capital of the Target Company. | 30(1) and 30(2) |
 |
| Transaction Specific Disclosures | ||
| Descripttion | Compliance under Regulation | |
| Disclosure of details of acquisition of 5% or more voting rights to Target Company and Stock Exchanges where the shares of the target company are listed. | 29(1) |
|
| Disclosure of details of acquisition or disposal of 2% or more of the voting rights to Target Company and Stock Exchanges where the shares of the target company are listed. | 29(2) |
|
| Disclosure for shares encumbered/ invocation of encumbrance/ release of encumbrance. | 31(1) / 31(2) |
|
| Offer Documents | ||
| Descripttion | Compliance under Regulation | |
| Short Public Announcement | 15(1) |
|
| Detailed Public Announcement to the shareholders of Target Company | 15(2) |
|
| Issue Opening Advertisement to the Shareholders of Target Company | 18(7) |
|
| Standard Format for Letter of Offer | 16(1) |
|
| Disclosures by an Acquirer for shares/ voting rights acquired during the offer period | 18(6) |
|
| Post Offer Advertisement | 18(12) |
|
| Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders of the Target Company | 26(7) |
|
| Post-Open Offer Report | 27(7) |
|
| Exemptions Formats | ||
| Descripttion | Compliance under Regulation | |
| Intimation to Stock Exchanges in respect of acquisition pursuant to inter se transfer of shares amongst qualifying persons | 10(5) |
|
| Intimation to Stock Exchanges in respect of acquisition from state-level financial institutions or their subsidiaries or companies promoted by them | 10(5) |
|
| Intimation to Stock Exchanges in respect of acquisition of shares from a venture capital fund or a foreign venture capital investor | 10(5) |
|
| Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 | 10(6) |
|
| Report to SEBI in respect of Inter se transfer amongst immediate relatives | 10(7) |
|
| Report to SEBI in respect of Inter se transfer amongst persons named as promoters in the shareholding pattern filed by the target company | 10(7) |
|
| Report to SEBI in respect of Inter se transfer amongst a company and its affiliates as prescribed | 10(7) |
|
| Report to SEBI in respect of Inter se transfer amongst persons acting in concert | 10(7) |
|
| Report to SEBi in respect of Inter se transfer amongst shareholders of a target company who have been persons acting in concert as per conditions specified | 10(7) |
|
| Report to SEBI for Acquisition of shares pursuant to arrangement not directly involving the target company, as a transferor company or as a transferee company | 10(7) |
|
| Report to SEBI in acquisition of voting rights or preference shares carrying voting rights | 10(7) |
|
| Report to SEBI in respect of acquisition of shares pursuant to CDR scheme | 10(7) |
|
| Report to SEBI in respect of acquisition pursuant to Buy Back of shares | 10(7) |
|
| Report to SEBI in respect of any acquisition of shares upto and beyond his entitlement, pursuant to a rights issue | 10(7) |
|
| Report to SEBI in respect of any acquisition of shares in a target company from a venture capital fund or a foreign venture | 10(7) |
|
| Formats under SEBI (Prohibition of Insider Trading) Regulations, 1992 | ||
| Descripttion | Compliance under Regulation | |
| Form A - Initial Disclosure on acquisition of more than 5% shares of any listed company | 13 (1) |
|
| Form B - Initial Disclosure by director or officer of a listed company | 13 (2) |
|
| Form B - Initial Disclosure by Promoter or Person who is part of Promoter Group of a listed company | 13(2A) |
|
| Form C - Continual Disclosure by a person holding more than 5% shares in any listed company | 13 (3) |
|
| Form D - Continual Disclosure by a director or officer of any listed company | 13 (4) |
|
| Form D - Continual Disclosure by a Promoter or Person who is part of Promoter Group of a listed company. | 13 (4A) |
|
| Schedule I -Model Code of Conduct for Prevention of Insider Trading for Listed Companies | 12 (1) |
|
| Schedule II - Code of Corporate Disclosure Practices for prevention of Insider Trading | 12 (2) |
|
Source:https://www.takeovercode.com/formats.php
great work sirji
Wonderful Work .....thank you Sir........
Bookmarked this post........
Thank you bhaiya ...very useful.....Bookmarked.
| Originally posted by : Vandana Mulchandani | ||
 |
Thank you bhaiya ...very useful.....Bookmarked. |
 |
Thanks a lot Sanjay Ji for this wonderful work and sharing.....This post is going to be a big boon for professional working for Listed companies.
best regards
| Originally posted by : !..SaNKeT..! | ||
|
|
Wonderful Work .....thank you Sir........ Bookmarked this post........ |
|
Bookmarked as usual
Great work.... complete information with related resources.... very well
Thanks a ton...
Thank you all for your comments and kind appreciation...
Thankks
good for all
Pankaj Kumar
09868043355
Shaswat initial support private limited
Ahmedabad
CS
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
