Delhi HC: Economic Offender Cannot Seek Travel Abroad For Medical Treatment When Available In India || SC: Governors and President Have No Fixed Timeline To Assent To Bills; “Deemed Assent” is Invalid || SC: Assigning a Decree For Specific Performance of a Sale Agreement Does Not Require Registration || SC: No Quota Applies For Judicial Officers in District Judge Posts, Issuing Seniority Guidelines || SC: Interest Rate Disputes Doesn't Fall under Public Policy to Set Aside Arbitration Awards || SC: If Some Offences are Quashed By Compromise, the FIR For The Same Incident Cannot Continue || Supreme Court: TIP is Unreliable if the Witness Saw the Accused Beforehand || Delhi HC: MYAS Not Bound to ‘Rubber-Stamp’ International Federation Choices || AP HC: Fulfilling Rehabilitation Promises to Displaced is State’s Constitutional Obligation || SC: Career Progression to Higher Echelons of Judiciary is Neither a Matter of Right Nor Entitlement

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 :