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Interpretative confusions
Title: Open Offer
Suggestion: In regulation 20, the relevant date should be clearly defined to provide which date should be taken as the relevant date in case of convertible securities.
Rationale: Even after the judgement of SAT, various cases has been dealt with by SEBI and SAT with respect to the date which should be taken as the relevant date in case of convertible securities. Therefore, the provisions regarding the same should be specifically s