Authorities Holding Public Auctions Must Disclose All Known Encumbrances and Related Litigation || SC: Compensatory Allowances Must Be Included While Computing Overtime Wages U/S 59 of Factories Act || SC: NGT Has No Jurisdiction to Decide Disputes Relating to Building Plan Violations || SC: Evidence is Often Fabricated Using AI And False Allegations are Rampant in Matrimonial Cases || SC: While Declining to Quash an FIR, A High Court Should Not Direct Police To Follow Section 41A CrPC || Allahabad High Court: Recruitment Rules Cannot Override Compassionate Appointments || Rajasthan HC: Single Blunt Blow Causing Grievous Injury is Not Attempt to Murder Without Intent || Karnataka High Court Holds Mining Leases Granted in Violation of Rule 22-D are Void Ab Initio || Supreme Court: Wait-Listed Candidates Have No Vested Right After List Expiry || SC: Reserved Candidates Scoring Above General Cut-Off Must be Considered For Open Posts

SEBI mulls Brightline Tests for Acquisition of ‘Control’- (Securities and Exchange Board of India) (14 Mar 2016)

Capital Market

The Securities and Exchange Board of India released a discussion paper inviting comments on proposals related to Brightline Tests for Acquisition of ‘Control’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The Board seeks to address complexities that arise when the control of a company accrues in an entity through contractual agreements. It hopes to better define ‘control’ under the Regulations, without legislating an exhaustive list to try and address all situations.

Tags : BRIGHTLINE TEST CONTROL ACQUISITION CONTRACTUAL

Share :