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    Question

    The SEBI (Substantial Acquisition of Shares and

    Takeovers) Regulations, 2011 (“Takeover Code”) regulates 
    A The direct acquisition of shares, voting rights and control in listed companies that are traded over the stock market. Correct Answer Incorrect Answer
    B Both the direct and indirect acquisition of shares, voting rights and control in listed companies that are traded over the stock market Correct Answer Incorrect Answer
    C The direct acquisition of shares, voting rights and control in listed or unlisted companies Correct Answer Incorrect Answer
    D Both the direct and indirect acquisition of shares, in listed or unlisted companies Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    SEBI (SAST) Regulations govern the direct and indirect acquisition of shares, voting rights and control of listed companies only. The unlisted companies acquisition falls under the purview of Companies Act 2013

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