COMPLIANCES UNDER SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS), REGULATIONS, 2011
| SR.NO | REGULATION REFERENCE | TIMELINE |
| 1 | Regulation 30(1) | Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise twenty-five per cent or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified. |
| 2 | Regulation 30(2) | The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may be specified. |
The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the end of each financial year to;
Every stock exchange where the shares of the company are listed
The target company at its registered office.
DISCLOSURE OF ACQUISITION AND DISPOSAL.
| SR.NO | REGULATION REFERENCE | TIMELINE |
| 1 | Regulation 29(1) | Any acquirer who acquires shares or voting rights in a target company which taken together with shares or voting rights, if any, held by him and by persons acting in concert with him in such target company, aggregating to five per cent or more of the shares of such target company, shall disclose their aggregate shareholding and voting rights in such target company in such form as may be specified. |
| 2 | Regulation 29(2) | Any acquirer, who together with persons acting in concert with him, holds shares or voting rights entitling them to five per cent or more of the shares or voting rights in a target company, shall disclose every acquisition or disposal of shares of such target company representing two per cent or more of the shares or voting rights in such target company in such form as may be specified. |
Regulation 29(3)The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within two working days of the receipt of intimation of allotment of shares, or the acquisition of shares or voting rights in the target company to,
Every stock exchange where the shares of the company are listed
The target company at its registered office.
DISCLOSURE OF ENCUMBERED SHARES.
| SR.NO | REGULATION REFERENCE | TIMELINE |
| 1 | Regulation 31(1) | The promoter of every target company shall disclose details of shares in such target company encumbered by him or by persons acting in concert with him in such form as may be specified. |
| 2 | Regulation 31(2) | The promoter of every target company shall disclose details of any invocation of such encumbrance or release of such encumbrance of shares in such form as may be specified. |
Regulation 31(3)The disclosures required under sub-regulation (1) and sub-regulation (2) shall be made within seven working days from the creation or invocation or release of encumbrance, as the case may be to:
Every stock exchange where the shares of the company are listed
The target company at its registered office.
