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
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
Shaswat initial support private limited
Ahmedabad
CS
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
