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SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th August, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OFSHARES AND TAKEOVERS) (SECOND AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/46. -In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend theSecurities and Exchange Board of India (Substantial Acquisition
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FAQ :
The new regulations are called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2021.
These regulations come into force from April 1, 2022.
Any acquirer, along with persons acting in concert, acquiring shares or voting rights that aggregate to five per cent or more in a target company must disclose their aggregate shareholding and voting rights.
Yes, the disclosure requirement for encumbrances is not applicable if the encumbrance is undertaken within a depository.
Regulation 30 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 has been omitted.
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Notification No : SEBI/LAD-NRO/GN/2021/46Published in Investments & Personal Finance
Source : https://egazette.nic.in/