Acquisition of control over a company.

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..... of shares or voting rights in a company, no acquirer shall acquire control over the target company, unless such person makes a public announcement to acquire shares and acquires such shares in accordance with the regulations: Provided that nothing contained herein shall apply to any change in control which takes place in pursuance to a 1 [special resolution] passed by the shareholders in a .....

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..... Second Amendment) Regulations, 2002, w.e.f. 9-9-2002. 3. Substituted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2002, w.e.f. 9-9-2002. Prior to its substitution, Explanation read as under: Explanation .─(i) For the purposes of this Regulation where there are two or more persons in control over the target company, the cess or of an .....

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