SEBI on 05.05.2021 has issued the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021. The SEBI SAST Regulations provides that upon a public announcement of an open offer for acquiring shares of a target company being made, the board of directors of such target company shall constitute a committee of independent directors to provide reasoned recommendations on such open offer, and the target company shall publish such recommendation. The amendment provides that while providing reasoned recommendations on the open offer proposal, the committee shall disclose the voting pattern of the meeting in which the open offer proposal was discussed.
Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Amendment Order, 2024
9 September 2024
The scope of the orders is extended to apply to goods or articles domestically manufactured or imported before the date of commencement of this Order
