Section 2(q) of 'SEBI (Substantial
Acquisition of Share and Takeover Regulations), 2011' is not applicable
and even if it is presumed that ... European Parliament and of the Council of 21st April, 2004 on takeover
bids for the purpose of definition of 'person acting in concert
under regulations 6 and 8 of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 1997,
such payment could not be disallowed under Explanation to section ... regulations 6 and 8 of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997
In terms of Chapter II of the SEBI (Substantial Acquisition
with regulation 14(1) of the
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
1997 ("Takeover Regulations, 1997 for convenience) and regulation ... SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011 and the appellants as also the other two persons are
directed to pay the penalty
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or any modification thereof; (i) "governing board" means the board ... Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or any amendments thereof; (n) "public" includes any member or section
Securities
and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (SAST
Regulations), a person is deemed to acting in concert
with ... public announcement was made under ‘SEBI
(Substantial Acquisition of Shares and Takeover)
Regulations, 1997’ for the acquisition of shares of
‘Petron Engineering’ inter alia
Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 1997 (hereafter ‗the Takeover
Regulations') as well as the PIT Regulations ... observed that the said
persons/entities had violated the Takeover Regulations and Regulation
13(3) and Regulation 13(5) of the PIT Regulations. The above
include the teaching
and non-teaching employee appointed in the college before
takeover, considering the facts that the affiliation of the subject in
which ... affiliation matter was pending before the State government at the
time of takeover or affiliation was granted on the date of takeover.
In addition thereto
State
Government has accepted the request of the Managing Committee
for takeover the said institution by the State Government
alongwith movable and immovable assets ... granted
administrative sanction to takeover the private college - Meera
Girls College, Sangaria (Hanumangarh). In the communication it is
indicated that it bears the concurrence
overall shareholding and there was no justification for
apprehension of hostile takeover.
13. NCLT heard the parties and by the Impugned Judgements
rejected the defence ... involved, it could not be
said that there is attempt to hostile takeover. It is argued that M/s.
Aromatic Ingredients (P) Ltd. could
Securities
and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (SAST
Regulations), a person is deemed to acting in concert
with ... public announcement was made under ‘SEBI
(Substantial Acquisition of Shares and Takeover)
Regulations, 1997’ for the acquisition of shares of
‘Petron Engineering’ inter alia
