Regulation 6A - Notwithstanding anything contained in these regulations, no person who is a wilful defaulter shall make a public announcement ..... - Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1 [ 6A. Notwithstanding anything contained in these regulations, no person who is a wilful defaulter shall make a public announcement of an open offer for acquiring shares or enter into any transaction that would attract the obligation to make a public announcement of an open offer for acquiring shares under these regulations: Provided that this regulation shall not prohibit the wilful defaulter from making a competing offer in accordance with regulation 20 of these regulations upon any other person making an open offer for acquiring shares of the target company. ] **************** NOTES:- 1 Inserted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016 , w.e.f. 25-05-2016.