Saturday, August 13, 2011

SELLING A BUSINESS MUST TRIGGER OPEN OFFER : MCA

The Ministry of Corporate Affairs (MCA) is contemplating making open offer mandatory in transactions involving sale of any business. This is even as the Securities & Exchange Board of India (SEBI) is said to have rejected MCA's suggestions on this while revising the Takeover Code. ICAI
suggestion has been accepted in principle by MCA in this regard.

0 comments:

Post a comment