New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Takeover/acquisition of shares of  listed companies in

    India are governed by the provisions of 
    A SEBI (SAST) Regulations 2011 Correct Answer Incorrect Answer
    B Companies Act 2013 Correct Answer Incorrect Answer
    C SEBI (D&P) Regulations 2018 Correct Answer Incorrect Answer
    D RBI Act, 1934 Correct Answer Incorrect Answer
    E SEBI Act 1992 Correct Answer Incorrect Answer

    Solution

    In  case  of  takeover  of    listed  companies,  other  than  the  SAST  Regulations, compliance  to  the  listing  agreement  is  also  required. The provisions of Securities Contract Regulation Act, 1957 and various rules and regulations framed there under apply in case a company has to takeover or acquire another target company. The main regulation  which  applies  to  the  acquisition  or  takeover  transaction  of  public companies is the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 2011. 

    Practice Next