mergers & acquisitions and sebi compliances
TRANSCRIPT
![Page 1: Mergers & Acquisitions and SEBI compliances](https://reader030.vdocuments.us/reader030/viewer/2022020204/58ed747a1a28aba7278b4585/html5/thumbnails/1.jpg)
Mergers & Acquisitions
SEBI COMPLIANCES FOR LISTED COMPANIESSEBI COMPLIANCES FOR LISTED COMPANIES
Anuroop Omkar & Kritika KrishnamurthyPrincipal Associate Senior Associate
Lakshmikumaran & Sridharan
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Classification of M&A Activities
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Towards a Simpler Business Environment
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Court Approved M&AUNDER SECTIONS 391 TO 394 OF COMPANIES ACT, 1956
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Exemptions
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Pre-Filing Compliances
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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
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Key Changes
Detailed Circular Awaited from SEBI
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Reverse Merger
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Acquisition & TakeoverOTHER THAN THROUGH COURT APPROVAL ROUTE UNDER COMPANIES ACT
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Rule 25
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SLUMP SALE & ASSET TRANSFER TRANSFER OF SHARES
MATERIAL EVENTS
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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
![Page 14: Mergers & Acquisitions and SEBI compliances](https://reader030.vdocuments.us/reader030/viewer/2022020204/58ed747a1a28aba7278b4585/html5/thumbnails/14.jpg)