Takeover & insider trading
This query is : Resolved
CS Arvind meena
(Querist)
29 October 2013
Sir/Madam,
how many disclosure to be made to ROC or Stock Exchange or Sebi if promoter groups holding exceeds 26% in a company or exceeds 5% change during the year..???
Please tell me its urgent...
how many disclosure to be made to ROC or Stock Exchange or Sebi if promoter groups holding exceeds 26% in a company or exceeds 5% change during the year..???
Please tell me its urgent...
Ajay Mishra
(Expert)
29 October 2013
Hi
You will made the following disclosure if promoter hold shares more than 26% or any changes:
1. Disclosure under Regulation 13(3) of the SEBI (Prohibition of Insider Trading) Regulations, 1992
2.Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011
You will made the following disclosure if promoter hold shares more than 26% or any changes:
1. Disclosure under Regulation 13(3) of the SEBI (Prohibition of Insider Trading) Regulations, 1992
2.Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011
CS Arvind meena
(Querist)
29 October 2013
Sir, Thanks A lot.
Tell me one more thing is there any requirement to make public announcement for open offer?
Tell me one more thing is there any requirement to make public announcement for open offer?
Ajay Mishra
(Expert)
29 October 2013
It is mandatory to make public announcement. Read SEBI (ICDR) Regulation, 2009.
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