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CA Final SEBI Takeover and Insider Trading Regulations — practice questions

Explore 90 free SEBI Takeover and Insider Trading Regulations questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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SEBI Takeover and Insider Trading Regulations questions and exercises with answers

Showing questions 1–30 of 90.

Under Regulation 3(1) of the SEBI Takeover Regulations, an open offer is due at what voting level?Read the answer and worked solution →Regulation 3(2) creeping limit: a holder of 25 per cent may add more than what in a financial year only by open offer?Read the answer and worked solution →Regulation 4 requires an open offer on acquiring what, irrespective of shareholding?Read the answer and worked solution →Under Regulation 2(1)(e), is a director in control of the company merely by holding that office?Read the answer and worked solution →Shares are frequently traded if twelve-month turnover is at least what share of the class?Read the answer and worked solution →The identified date is the tenth working day before which event?Read the answer and worked solution →Which pair is deemed to be persons acting in concert under Regulation 2(1)(q)?Read the answer and worked solution →An indirect acquisition is treated as direct if the target's share of the acquired entity exceeds what?Read the answer and worked solution →Regulation 5(2) ratio tests use which financial statements?Read the answer and worked solution →When must an acquirer declare intent to delist under Regulation 5A?Read the answer and worked solution →A failed delisting offer must be announced within how long under Regulation 5A(2)?Read the answer and worked solution →After a voluntary open offer, shares cannot be bought for how long, except via another voluntary offer?Read the answer and worked solution →A buyer who bought without triggering an offer within what period cannot go voluntary?Read the answer and worked solution →Regulation 6A bars which person from announcing an open offer?Read the answer and worked solution →Regulation 6B bars a fugitive economic offender from doing what?Read the answer and worked solution →An open offer under Regulations 3 and 4 must be for at least what share of total shares?Read the answer and worked solution →A voluntary offer under Regulation 6 must seek at least additional voting rights of what?Read the answer and worked solution →Holding above the non-public cap after an offer must be cut under which rules?Read the answer and worked solution →Under Regulation 8(2), the offer price is which of the listed parameters?Read the answer and worked solution →Regulation 8(2)(b) uses the acquirer's volume-weighted price over how long before announcement?Read the answer and worked solution →Regulation 8(2)(c) looks at the highest price paid in the preceding how many weeks?Read the answer and worked solution →For infrequently traded shares, who determines the offer price under Regulation 8(2)(e)?Read the answer and worked solution →Under Regulation 8(7), control premium or non-compete fees paid to sellers are what?Read the answer and worked solution →A higher-priced buy within 26 weeks after tendering requires paying the difference within what?Read the answer and worked solution →In other indirect acquisitions, the offer price is enhanced at what yearly rate (Reg 8(12))?Read the answer and worked solution →Per share value must be disclosed in an indirect deal if the target's share exceeds what?Read the answer and worked solution →A valuer chartered accountant under Regulation 8(16) needs minimum experience of how many years?Read the answer and worked solution →Listed secured debt offered as payment must be rated at least what?Read the answer and worked solution →A cash option must be given if cash buys in 52 weeks exceeded what voting share?Read the answer and worked solution →An issuer of consideration shares must have redressed at least what share of complaints?Read the answer and worked solution →

Worked practice questions

Under Regulation 3(1) of the SEBI Takeover Regulations, an open offer is due at what voting level?

  1. 10 per cent or more
  2. 15 per cent or more
  3. 20 per cent or more
  4. 25 per cent or more
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Correct answer: D. 25 per cent or more

Regulation 3(1) bars an acquirer and persons acting in concert from reaching 25 per cent voting rights without a public announcement of an open offer.

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Regulation 3(2) creeping limit: a holder of 25 per cent may add more than what in a financial year only by open offer?

  1. 2 per cent
  2. 15 per cent
  3. 10 per cent
  4. 5 per cent
Show answer and solution

Correct answer: D. 5 per cent

Regulation 3(2) lets a holder between 25 per cent and the non-public cap add at most 5 per cent of voting rights per financial year without an open offer.

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Regulation 4 requires an open offer on acquiring what, irrespective of shareholding?

  1. Seats on board
  2. A bank loan
  3. Rights shares
  4. Control over it
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Correct answer: D. Control over it

Regulation 4 makes acquisition of control over a target company a trigger by itself, whether or not any shares or voting rights are held.

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