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SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015

THE GAZETTE OF INDIA
EXTRAORDINARY
PART -III – SECTION 4
PUBLISHED BY AUTHORITY
NEW DELHI, AUGUST 14, 2015
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION Mumbai, the 14th of August, 2015

SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (THIRD AMENDMENT) REGULATIONS, 2015

No. SEBI/LAD-NRO/GN/2015-16/009.-In exercise of the powers conferred under section 30
of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby
makes the following Regulations to amend the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, namely:-

1. These regulations may be called the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in regulation 1, in sub-regulation (3) the proviso shall be substituted by the following, namely:-

“Provided that these regulations shall not apply to direct and indirect acquisition of shares or voting rights in, or control over a company listed without making a public issue, on the institutional trading platform of a recognised stock exchange.”
U.K. SINHA
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF INDIA
Footnote:
1. The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 were published in the Gazette of India on 23rdSeptember, 2011 vide No.LAD-NRO/GN/2011-12/24/30181.

2. The Principal Regulations were subsequently amended on:

(a)March 26, 2013 by the SEBI (Substantial Acquisition of Shares and Takeovers)
(Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2012-13/36/7368.

(b)October 8, 2013 by the SEBI (Listing of Specified Securities on Ins
titutional Trading Platform) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/28/6720.
(c)May 23, 2014 by the SEBI (Payment of Fees) (Amendment) Regulations, 2014 vide Notification No. LAD-NRO/GN/2014-15/03/1089.

(d)March 24, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers)(Amendment) Regulations, 2015 vide No. LAD-NRO/GN/2014-15/28/542.
(e)May 5, 2015 by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2015 vide No. SEB-LAD-NRO/OIAE/GN/2015-16/004.
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