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Amendment to SEBI takeover Code to give relaxation to the promoters for consolidation of their holdings in listed Cos.

June 29, 2020[2020] 117 taxmann.com 386 (Article)
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Considering the current Covid-19 situation and the Pandemic in particular with overall increase in cases, in order to help the Promoters to consolidate their holdings in the Indian listed companies, the Securities and Exchange Board of India (“SEBI”), in exercise of the powers conferred under Section 30 of the Securities and Exchange Board of India Act, 1992
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