SEBI Takeover Code (SAST) 2011: Open Offer Triggers, Creeping Acquisition, Control & Wrongful Acquisitions
Two triggers: 25% of voting rights (Regulation 3(1)), or more than 5% in a financial year while holding 25–75%…
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6 guides
SEBI & Securities Law
SEBI regulation punishes process failures as hard as bad intent. A board decision announced tomorrow instead of within thirty minutes, a trading window left open, a database that was never maintained — each is a breach on its own, whatever anyone meant to do.
These guides cover what counts as unpublished price sensitive information, what a listed company must disclose and how fast, the mechanics of raising capital under the ICDR Regulations, and the penalties when a system is missing rather than merely misused.
SEBI PIT Compliance for Founders & KMPs: The Nine Systems You Personally Own
Regulation 9A: the Chief Executive Officer, Managing Director or analogous person must put in place adequate a…
Read →FPO (Further Public Offer): How Listed Companies Raise Again — Rules, Fast-Track Route & the Big-Ticket Case Studies
An FPO is a public offer of specified securities by a listed issuer under Chapter IV of the ICDR Regulations. …
Read →IPO under SEBI ICDR 2018: Eligibility Tests, Promoter Lock-in, Investor Quotas & the T+3 Listing
Main-board eligibility (Reg 6(1)): net tangible assets ≥ ₹3 crore, average operating profit ≥ ₹15 crore, and n…
Read →SEBI Insider Trading Rules (PIT), Explained: UPSI, the Trading Window, Penalties and the Landmark Cases
What counts as UPSI after the 2025 expansion, when the trading window shuts, who ends up in default, and the p…
Read →SEBI LODR, Explained: What a Listed Company Must Disclose, and the 30-Minute Clock That Catches Boards Out
A board approves a large acquisition at 6 p.m. on a trading day. The CFO wants to "announce it properly tomorr…
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