SEBI Takeover Code, 1994

SEBI Takeover Code, 1994

These regulations shall be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1994. These regulations shall come into force on the date of their publications in the Official Gazette.

In These regulations, unless the context otherwise requires:

• “Act” means the Securities and Exchange Board of India Act, 1992 (15 of 1992);
• “acquirer” means any person who acquires or agrees to acquire shares in a company either by himself or with any person acting in concern with the acquirer;
• “investigating officer” means any officer of the Board, or any other person, having experience in dealing with the problems relating to the securities market, and such person is authorized by the Board under Chapter V of these regulations;

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