SEBI comments on the draft letter of offer within how many working days?
ASeven
BTen
CFifteen
DThirty
Answer & Solution
Correct answer: C. Fifteen
Regulation 16(4) requires comments not later than fifteen working days from receipt, failing which SEBI is deemed to have none.
Keep practising SEBI Takeover and Insider Trading Regulations
Browse all SEBI Takeover and Insider Trading Regulations questions for CA Final, or explore more Law topics.
Related questions
Contravention of the Insider Trading Regulations is dealt with by whom?A pre-cleared trade must be executed within how many trading days at most?The fair disclosure principles call for designating which senior officer?Which Schedule sets out the principles of fair disclosure for the code of practices?The audit committee reviews insider trading compliance at least how often?Designated persons include the CEO and employees up to how many levels below?The company must maintain trading disclosures for a minimum of how long?A listed company may seek disclosures from other connected persons at whose option?