Mergers & Acquisitions and SEBI compliances
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Mergers & Acquisitions SEBI COMPLIANCES FOR LISTED COMPANIES SEBI COMPLIANCES FOR LISTED COMPANIES Anuroop Omkar & Kritika Krishnamurthy Principal Associate Senior Associate Lakshmikumaran & Sridharan
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Transcript of Mergers & Acquisitions and SEBI compliances
Mergers & Acquisitions
SEBI COMPLIANCES FOR LISTED COMPANIESSEBI COMPLIANCES FOR LISTED COMPANIES
Anuroop Omkar & Kritika KrishnamurthyPrincipal Associate Senior Associate
Lakshmikumaran & Sridharan
Classification of M&A Activities
Towards a Simpler Business Environment
Court Approved M&AUNDER SECTIONS 391 TO 394 OF COMPANIES ACT, 1956
Exemptions
Pre-Filing Compliances
Post Approval CompliancesCompliance TimelinesDisclosure of Material Event to Stock Exchange
24 hours
Disclosure of Material Event on Company Website
24 hours
Statement of Shareholding Pattern with Stock Exchange
10 days
Intimate Record Date or Date of Closure of Transfer Books
7 clear working days before record date
Disclose trading by insiders to stock exchange
Within two trading days of receipt of the disclosure or from becoming aware of such information
Key Changes
Detailed Circular Awaited from SEBI
Reverse Merger
Acquisition & TakeoverOTHER THAN THROUGH COURT APPROVAL ROUTE UNDER COMPANIES ACT
Rule 25
SLUMP SALE & ASSET TRANSFER TRANSFER OF SHARES
MATERIAL EVENTS
Post Approval CompliancesCompliance TimelinesDisclosure of Material Event to Stock Exchange
24 hours
Disclosure of Material Event on Company Website
24 hours
Statement of Shareholding Pattern with Stock Exchange
10 days
Intimate Record Date or Date of Closure of Transfer Books
7 clear working days before record date
Disclose trading by insiders to stock exchange
Within two trading days of receipt of the disclosure or from becoming aware of such information
