Directions by the Board.

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..... tection of interest of investors, issue such directions as it deems fit including:- (a) directing appointment of a merchant banker for the purpose of causing disinvestment of shares acquired in breach of regulation 10, 11 or 12 either through public auction or market mechanism, in its entirety or in small lots or through offer for sale; (b) directing transfer of any proceeds or securities to the I .....

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..... number of shares at such offer price as determined by the Board; (g) directing disinvestment of such shares as are in excess of the percentage of the shareholding or voting rights specified for disclosure requirement under regulation 6, 7 or 8; (h) directing the person concerned not to dispose of assets of the target company contrary to the undertaking given in the letter of offer; (i) directing .....

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..... ections as it deems fit including:- (a) directing the person concerned not to further deal in securities; (b) prohibiting the person concerned from disposing of any of the securities acquired in violation of these regulations; (c) directing the person concerned to sell the shares acquired in violation of the provisions of these regulations; (d) taking action against the person concerned. - - sta .....

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