MP High Court: Estranged Husband Entitled to Loss of Consortium Compensation After Wife’s Death || J&K & Ladakh HC: Claims under Roshni Act Void Ab Initio, Ownership Rights Null from Inception || Madras High Court Directs Expedited Trials in 216 Pending Criminal Cases Against MPs and MLAs || MP High Court: Allowing Minor to Drive Without Valid License Constitutes Breach of Insurance Policy || Punjab & Haryana High Court: Cyber Fraud Cases Uphold Public Trust, Cannot Be Quashed by Compromise || SC: Customer-Banker Relationship Based on Mutual Trust, Postmaster’s Reinstatement Quashed || Supreme Court: Company Buying Software for Efficiency and Profit Is Not a ‘Consumer’ under CPA || SC: Long Custody or Trial Delay Not Ground for Bail in Commercial Narcotic Cases if S.37 Unmet || Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law || Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries

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 :