Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2000. - S.O. No.1178(E) - SEBI/LE/20476/2000 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th December, 2000 S.O.1178(E). In exercise of the powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. I. (1) These Regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2000. (2) They shall come into force on the date of their publication in the Official Gazette. II. In regulation 3, in sub-regulation (1) after clause (i) the following new clause (ia) shall be inserted, namely: (ia) transfer of shares from venture capital funds or foreign venture capital investors registered with the Board to promoters of a venture capital undertaking or venture capital undertaking pursuant to an agreement between such venture capital fund or foreign venture capital investors with such promoters or venture capital undertaking. [F No. SEBI/LE/20476/2000] D.R MEHTA, Chairman Foot Note.- 1. The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 the principal regulations were published in the Gazette of India on 20th February 1997, vide No. S.O. 124(E). (a) Subsequently a Corrigendum was published in the Gazette of India, Extra-Ordinary on 6th February 1998 vide S.O. No. 106(E). (b) Subsequently amended by S.O. 930(E) dated 28th October 1998 by SEBI (Substantial Acquisition of Shares and Takeovers)(Amendment) Regulations, 1998