{"id":258207,"date":"2021-12-07T17:30:23","date_gmt":"2021-12-07T12:00:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=258207"},"modified":"2021-12-17T17:13:27","modified_gmt":"2021-12-17T11:43:27","slug":"delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/","title":{"rendered":"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">Securities and Exchange Board of India has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021 which amends the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Key amendment:<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>New Regulation 5A- Delisting offer<\/strong>:<\/p>\n<ul style=\"text-align: justify;\">\n<li>An acquirer may seek the delisting of the target company by making a delisting offer under following conditions:<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">(a) That the acquirer shall have declared his intention to so delist the target company at the time of making such public announcement of an open offer as well as at the time of making the detailed public statement.<\/p>\n<p style=\"padding-left: 40px;\">(b) The declaration of the intent to so delist shall be made initially only in the detailed public statement.<\/p>\n<ul>\n<li>The delisting offer obligations shall be fulfilled by the acquirer by making the public announcement, the detailed public statement and the letter of offer shall mention the open offer price determined in accordance with regulation 8 of these regulations and the indicative price for delisting. The open offer price and indicative price shall be notified by the acquirer at the time of making the detailed public statement and in the letter of offer.<\/li>\n<li>In cases where a delisting offer is not successful due to the following reasons:<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">(a) on account of the non\u2013receipt of the prior approval of shareholders in terms of regulation 11 of the Delisting Regulations; or<\/p>\n<p style=\"padding-left: 40px;\">(b) on account of non-receipt of the prior in-principle approval of the relevant stock exchange in terms of regulation 12 of the Delisting Regulations; or<\/p>\n<p style=\"padding-left: 40px;\">(c) the threshold as specified under Regulation 21 of the Delisting Regulations is not achieved;<\/p>\n<p style=\"text-align: justify;\">In such cases, the acquirer shall, within two working days in respect of such failure, make an announcement in all the newspapers in which the detailed public statement was made and comply with all the applicable provisions of these regulations in relation to completing of the open offer.<\/p>\n<ul style=\"text-align: justify;\">\n<li>In cases where a competing offer is made in terms of sub-regulation (1) of regulation 20 of these regulations:<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">(a) the acquirer shall not be entitled to delist the target company<\/p>\n<p style=\"padding-left: 40px;\">(b) the acquirer shall not be liable to pay interest to the shareholders on account of delay due to the competing offer<\/p>\n<p style=\"padding-left: 40px;\">(c) the acquirer shall comply with all the applicable provisions of these regulations and make an announcement in this regard, within two working days from the date of public announcement made, in all the newspapers where the detailed public statement was made.<\/p>\n<ul>\n<li>The shareholders who have tendered shares in acceptance of the offer made, shall be entitled to withdraw such shares tendered, within five working days from the date of the announcement.<\/li>\n<li>In cases where the target company fails to get delisted pursuant to a delisting offer but which results in the shareholding of the acquirer exceeding the maximum permissible non-public shareholding threshold:<\/li>\n<li>the acquirer may undertake a further attempt to delist the target company during the period of twelve months from the date of completion of the open offer, subject to the acquirer continuing to exceed the maximum permissible non-public shareholding in the target company.<\/li>\n<li>such further delisting attempt shall be successful subject to the following conditions:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"text-align: justify;\">\n<li>the delisting threshold as provided under regulation 21 of the Delisting Regulations is met<\/li>\n<li>fifty percent of the residual public shareholding is acquired.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li>upon failure of the further delisting attempt, the acquirer shall ensure compliance of the minimum public shareholding requirement of the target company under the Securities Contract (Regulation) Rules, 1957 with 12 months.<\/li>\n<li>the floor price for a further delisting attempt as referred shall be higher of the following:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"text-align: justify;\">\n<li>the indicative price offered under the first delisting attempt.<\/li>\n<li>the floor price determined under the Delisting Regulations as on the relevant date of the subsequent attempt.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li>the book value of the company as computed based on the method stated in explanation to clause (a) under sub-regulation.<\/li>\n<li>While undertaking delisting for the first or subsequent attempt, all the provisions of the Delisting Regulations shall mutatis-mutandis be applicable, save as otherwise provided in this regulation.<\/li>\n<\/ul>\n<hr \/>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Board of India has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third <\/p>\n","protected":false},"author":121,"featured_media":252507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-258207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021\" \/>\n<meta property=\"og:description\" content=\"Securities and Exchange Board of India has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-07T12:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-17T11:43:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/\",\"name\":\"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"datePublished\":\"2021-12-07T12:00:23+00:00\",\"dateModified\":\"2021-12-17T11:43:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"width\":1331,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\",\"name\":\"Prachi Bhardwaj\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"caption\":\"Prachi Bhardwaj\"},\"description\":\"Senior Associate Editor\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/","og_locale":"en_US","og_type":"article","og_title":"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021","og_description":"Securities and Exchange Board of India has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-12-07T12:00:23+00:00","article_modified_time":"2021-12-17T11:43:27+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","type":"image\/jpeg"}],"author":"Prachi Bhardwaj","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prachi Bhardwaj","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/","name":"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","datePublished":"2021-12-07T12:00:23+00:00","dateModified":"2021-12-17T11:43:27+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","width":1331,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/07\/delisting-provisions-introduced-vide-sebi-substantial-acquisition-of-shares-and-takeovers-third-amendment-regulations-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Delisting provisions introduced vide SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942","name":"Prachi Bhardwaj","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","caption":"Prachi Bhardwaj"},"description":"Senior Associate Editor","url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":249810,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/15\/securities-and-exchange-board-of-india-delisting-of-equity-shares-regulations-2021\/","url_meta":{"origin":258207,"position":0},"title":"Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021","author":"Bhumika Indulia","date":"June 15, 2021","format":false,"excerpt":"On June 10, 2021, the Securities and Exchange Board of India (SEBI) has issued the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Applicability: The Regulations apply to delisting of equity shares of a company including equity shares having superior voting rights from all or any\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":200845,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/08\/29\/exemption-granted-from-application-of-section-32-of-securities-and-exchange-board-of-india-substantial-acquisition-of-shares-and-takeovers-regulations-2011\/","url_meta":{"origin":258207,"position":1},"title":"Exemption granted from application of Section 3(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011","author":"Bhumika Indulia","date":"August 29, 2018","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): G. Mahalingam, whole time Member, in this order granted exemption from application of Section 3(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. An application was filed under Section 11(1) and Section 11(2)(h) of the SEBI\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":358939,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/04\/sebi-special-provisions-for-delisting-of-public-sector-undertaking\/","url_meta":{"origin":258207,"position":2},"title":"SEBI (Amendment) Regulations, 2025 introduces Special Provisions for Delisting of Public Sector Undertaking","author":"Kriti","date":"September 4, 2025","format":false,"excerpt":"The amendment simplifies Public Sector Undertaking delisting with a fixed price model, clear valuation norms, and investor safeguards during strike-off.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI Delisting of Public Sector Undertakings","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":336305,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/11\/30\/sebi-replaces-with-self-attestation-various-regulations-vide-sebi-attestation-documents-amendment-regulations-2024\/","url_meta":{"origin":258207,"position":3},"title":"SEBI replaces requirement of \u2018notary attestation\u2019 with \u2018self-attestation\u2019 in various Regulations","author":"Editor","date":"November 30, 2024","format":false,"excerpt":"SEBI notified the 2024 Amendment Regulations to amend provisions related to attestation of documents in 9 Regulations.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Securities and Exchange Board of India","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":247926,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/07\/securities-and-exchange-board-of-india-substantial-acquisition-of-shares-and-takeovers-amendment-regulations-2021\/","url_meta":{"origin":258207,"position":4},"title":"Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021","author":"Bhumika Indulia","date":"May 7, 2021","format":false,"excerpt":"The Securities Exchange Board of India in order to amend Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 makes Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021. I. The words \u201cInstitutional Trading Platform\u201d shall be substituted with\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":252283,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/05\/takeover-regulations\/","url_meta":{"origin":258207,"position":5},"title":"SEBI |\u00a0Jammu &#038; Kashmir government exempted from Takeover regulations for the proposed acquisition of equity shares of Jammu and Kashmir Bank","author":"Editor","date":"August 5, 2021","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): S.K. Mohanty, Whole Time Member, exempted the Government of Jammu and Kashmir, from complying with the requirements of Regulation 3(2) of the Takeover Regulations with respect to the Proposed Acquisition of 6.06% equity shares in the Target Company viz., Jammu and Kashmir Bank\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/258207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=258207"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/258207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/252507"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=258207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=258207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=258207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}