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Home > Information Cafe > Share your Views > Suggestion for New provision
 
 

 

Suggestion for New provision
Suggestion: The provisions relating to penalty should be restructured and separate penalty for the violation of disclosures, open offer and other provisions should be provided. Further in case of violation of open offer obligation, no consent order should be passed and the acquirer should be mandatorily required to give open offer.
Rationale: At present, the penalties prescribed under SEBI Takeover Regulations are vague.