Calcutta HC Disqualifies Politician Mukul Roy from Assembly under Anti-Defection Law || Supreme Court Bans Mining in and Around National Parks and Wildlife Sanctuaries || Supreme Court Terms Delay in Framing Charges for 4 Years in Maharashtra Case ‘Shocking’ || Kerala High Court: Widow’s Remarriage No Bar to Compassionate Appointment || Delhi HC: Child Care Leave Not Absolute but Cannot Be Denied Arbitrarily || Bombay HC: Furnace Oil Not Part of ‘Plant & Machinery’, No Complete Sales Tax Set-Off || MP HC: Injury Not Required to Prove Attempt to Murder || Supreme Court: Tenant Must Pay Rent Despite Appeal Against Fixation Order Without Stay || Supreme Court: Counterclaim under Order 8 Rule 6A CPC Allowed Only Against Plaintiff || SC: Externally Procured Parts Given For Assembly, Not Used in Manufacture, Not Liable to Excise Duty

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 :