TMI BlogSecurities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second amendment) Regulations, 2016.X X X X Extracts X X X X X X X X Extracts X X X X ..... Acquisition of Shares and Takeovers) (Second amendment) Regulations, 2016 No. SEBI/LAD-NRO/GN/2016-17/002.─ In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) , the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Take ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ful defaulters issued by the Reserve Bank of India and includes any person whose director, promoter or partner is categorized as such; (II) After regulation 6 and before regulation 7 , the following shall be inserted, namely,- 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 s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Takeovers) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2012-13/36/7368. (b) October 8, 2013 by the SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/28/6720. (c) May 23, 2014 by the SEBI (Payment of Fees) (Amendment) Regulations, 2014 vide Notification No. LADNRO/GN/2014-15/03/1089. (d) March 24, 2015 by the SEBI ( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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