TMI BlogSubmission of letter of offer to the Board.X X X X Extracts X X X X X X X X Extracts X X X X ..... nnouncement made under regulation 10, 11 or 12 as the case may be, the acquirer shall, through its merchant banker, file with the Board, the draft of the letter of offer containing disclosures as specified by the Board. (2) The letter of offer shall be despatched to the shareholders not earlier than 21 days from its submission to the Board under sub-regulation (1): Provided that if, within 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the draft letter of offer with the Board under sub-regulation (1), pay a fee as mentioned in the following table, by bankers cheque or demand draft drawn in favour of the Securities and Exchange Board of India , payable at Mumbai: Offer size Fee (Rs.) Less than or equal to ten crore rupees. One lakh rupees (Rs. 1,00,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the SEBI (Payment of Fees) (Amendment) Regulations, 2008, w.e.f. 1-4-2008. Prior to its substitution, sub-regulation (3) as amended by the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2007 w.e.f. 28-5-2007 and SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2006 w.e.f. 21-8-2006, read as under: (3) The acquirer sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crore rupees 0.5% of the offer size More than one thousand crore rupees but less than or equal to five thousand crore rupees Five crore rupees (Rs. 5,00,00,000) plus 0.125%of the portion of the offer size in excess of one thousand crore rupees (Rs. 1000,00,00,000) More than five thousand crore rupees Ten cr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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