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
agreement dated 18/11/2001. However SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations 1997 dealing
with take over regulations in clause 20(8) provides ... 2001 and the relevant SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations 1997 brings
out the fact that the assessee company has accepted the restrictive
asset value of the said divisions as on the date of takeover , was
recognized in the books of accounts of the assessee, after the takeover ... over the net asset value of said
divisions on the date of takeover.
8. Now the assessee being aggrieved by the dismissal of its first
Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
[for short 'Takeover Code']. A Share Purchase Agreement ... were completed in 2020 after
complying with the provisions of the Takeover Code, and getting
necessary approval from the Competition Commission of India
facts and circumstances of the case, is through
medium of takeover of the two companies holding the land in question, buying the
entire shareholding therein ... land (Rs.1042
per sq. ft.), adducing a copy of the takeover agreement dated 13.4.2006, entered into
by the assessees (of the first part), along
fees
for increase in authorized share capital in connection with the demerger/
takeover of training division being a substantive expansion.
(b) The expenses were incurred ... respect of increase in authorised share
capital in connection of takeover of training division from Hexaware
Technologies Limited which is an extension of its industrial
divisions and net
asset value of these divisions on the date of takeover, was recognized
in the books of accounts of the asseseee ,after ... takeover , as
Goodwill under the head „intangibles‟ . Hon‟ble Supreme Court in
the case of CIT v. Smifs Securities Limited (supra) has dealt with this
crores. Later on 6.2.2001, in accordance with
takeover regulations of SEBI , the assessee company and NFL made a
public offer to acquire another 9 lakh ... conduct of its business by M/s NFL.
b) After the takeover of the assets and liabilities, interest accrued on
the loan amounting
assesssee
company as stated in the Memorandum of Association is to takeover of
running business of the said firm M/s Waman Hari Pethe Sons ... Waman Hari Pethe Sons on 30-03-
2010 while the takeover took place on 01-04-2010. It was submitted that
excess depreciation was claimed
cement business into UltraTech Cement
Limited in order to avoid a hostile takeover. This restructuring, as
detailed in the Directors' Report and Management ... expenditure.The
restructuring in question, aimed at protecting the company from a
takeover and involving significant capital adjustments, clearly falls
under this category
