alleryStart learning →Holding above the non-public cap after an offer must be cut under which rules?
ASCR Rules, 1957
BCompanies Rules, 2014
CDepositories Act
DBanking Regulation Act
Answer & Solution
Correct answer: A. SCR Rules, 1957
Regulation 7(4) requires the acquirer to bring non-public shareholding down within the time permitted under the Securities Contract (Regulation) Rules, 1957.
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