(i) disclose the aggregate of his shareholding in the body corporate before he acquires any shares of that body corporate; or
(ii) make a public announcement to acquire shares at a minimum price;
[(iii) make a public offer by sending letter of offer to the shareholders of the concerned company; or
(iv) make payment of consideration to the shareholders who sold their shares pursuant to letter of offer,]
[15HA. Penalty for fraudulent and unfair trade practices.
Section 15H • The Securities and Exchange Board of India Act, 1992
15H. Penalty for non-disclosure of acquisition of shares and takeovers.
securities-and-exchange-board-of-india-act-1992-sec-15H.json
•
Section 15H
{
"act_title": "The Securities and Exchange Board of India Act, 1992",
"act_slug": "securities-and-exchange-board-of-india-act-1992",
"section_label": "Section",
"section": {
"number": "15H",
"title": "15H. Penalty for non-disclosure of acquisition of shares and takeovers.",
"chapter": null,
"content": "(i) disclose the aggregate of his shareholding in the body corporate before he acquires any shares of that body corporate; or\n(ii) make a public announcement to acquire shares at a minimum price;\n[(iii) make a public offer by sending letter of offer to the shareholders of the concerned company; or\n(iv) make payment of consideration to the shareholders who sold their shares pursuant to letter of offer,]\n[15HA. Penalty for fraudulent and unfair trade practices.",
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