Restriction on acquisition of certain shares.

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..... tly or severally acquire or agree to acquire, whether in his or its own name or in the name of any other person, any equity shares in a public company, or a private company which is a subsidiary of a public company, if the total nominal value of the equity shares intended to be so acquired exceeds, or would, together with the total nominal value of any equity shares already held in the company by .....

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..... t; or (c) financial institution, shall transfer or agree to transfer any share to such acquirer unless such acquirer has obtained the previous approval [2] of the Central Government for the acquisition, or agreement for the acquisition, of such share. --------------------------------- Notes:- [1] Sections 108A to 108-I inserted by the MRTP (Amendment) Act, 1991 w.e.f. .....

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