Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
General »
 Property tax revision unlikely till April 2019
 Norms for filing tax are the same for residents and non-residents
 Data shows new tax regime widely adopted
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies

Fine balacing act of SEBI
August, 01st 2011

The main objective of a code to govern takeovers of listed companies is to ensure that the interests of minority shareholders are protected. This was the key premise on which theAchuthan committee had based its recommendations . There, however, was afeeling that perhaps in a few areas the committee had tended to ignore market realities while trying to protect the minority shareholders.

Take for example the committee's original recommendation that an Open Offer should mandatorily be for 100% of the outstanding shares. The report pointed out that a partial open offer provision allowed for promoters to sell 100% of their holdings in a company. But if this sale triggered an open offer and it was partial, the other shareholders may not get an opportunity for a 100% exit. Though minority investorfriendly , this would have been too onerous and made any control stake acquisition very expensive.

It would have also put Indian acquirers at a disadvantage as they do not get bank funding for takeovers would have found it very difficult to fund 100% open offers. On the other hand, international companies who can raise funds cheaply would have been at an advantage. The committee discussed this point but held that "philosophy of equitable and fair treatment of all shareholders should have a primacy over other considerations." Sebi while deliberating on the issue has taken a more considered approach and taken market realities into account.

For more detail click below

Soruce: http://economictimes.indiatimes.com/opinion/guest-writer/sebis-fine-balancing-act/articleshow/9438646.cms

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions