Overview of sebi takeover regulations, 2011 - TakeoverCode.com
Overview of sebi takeover regulations, 2011 - TakeoverCode.com
Overview of sebi takeover regulations, 2011 - TakeoverCode.com
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RECOMMENDATION ON THE OFFER BYBOARD2007 2008 2009 2010Re<strong>com</strong>mendation onOffer by theCommittee <strong>of</strong>IndependentDirectors• Mandatory‣ Constitution <strong>of</strong> Committee <strong>of</strong> Independent Directors (IDC).‣ Re<strong>com</strong>mendation on the Open <strong>of</strong>fer, as to whether the <strong>of</strong>fer , is or is not, fairand reasonable.‣ Publication <strong>of</strong> the re<strong>com</strong>mendations in newspapers at least two workingdays before the <strong>com</strong>mencement <strong>of</strong> the tendering period.11/09/2012