CLL_Art890 - Taxpublishers.in

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers SEBI--SAST Regulations Recent Amendments in SEBI (SAST) Regulations, 2011 Purnendu Sahai The learned author, in this write up, succinctly summed up the recent amendments brought by the SEBI in the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 1. Prologue The Securities and Exchange Board of India (SEBI) is resolved to give a sustainable environment to the companies and the shareholders during the global pandemic. In this regard, the SEBI has provided several relaxations for corporate compliances by issuing various notifications. The SEBI has made further amendments in existing provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred as SEBI (SAST) Regulations, 2011) via the SEBI (SAST) (Amendment) Regulations, 2020, dated 16-6-2020, the SEBI (SAST) (Second Amendment) Regulations, 2020, dated 22-6-2020 and the SEBI (SAST) (Third Amendment) Regulations, 2020, dated 1-7-2020 as well. The rationale behind SEBI (SAST) Regulations, 2011 is to protect the interest of all stakeholders of the concerned entity i.e. acquirer, promoter, shareholder, investee company, further, also to provide an exit opportunity to the shareholders of the listed entity. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

SEBI--SAST Regulations

Recent Amendments in SEBI (SAST) Regulations, 2011

Purnendu Sahai

The learned author, in this write up, succinctly summed up the recent amendments brought by the SEBI in the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

1. Prologue

The Securities and Exchange Board of India (SEBI) is resolved to give a sustainable environment to the companies and the shareholders during the global pandemic. In this regard, the SEBI has provided several relaxations for corporate compliances by issuing various notifications. The SEBI has made further amendments in existing provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred as SEBI (SAST) Regulations, 2011) via the SEBI (SAST) (Amendment) Regulations, 2020, dated 16-6-2020, the SEBI (SAST) (Second Amendment) Regulations, 2020, dated 22-6-2020 and the SEBI (SAST) (Third Amendment) Regulations, 2020, dated 1-7-2020 as well. The rationale behind SEBI (SAST) Regulations, 2011 is to protect the interest of all stakeholders of the concerned entity i.e. acquirer, promoter, shareholder, investee company, further, also to provide an exit opportunity to the shareholders of the listed entity.