(1)
These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
(2)
These regulations shall come into force on the thirtieth day from the date of their publication in the Official Gazette.
(3)
These regulations shall apply to direct and indirect acquisition of shares or voting rights in, or control over target company [:] [Substituted by the SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013, for the 'full stop'.]
[Provided that these regulations shall not apply to direct and indirect acquisition of shares or voting rights in, or control over a company listed without making a public issue, on the institutional trading platform of a recognised stock exchange.] [[Proviso substituted by the SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2015, w.e.f. 14-8-2015. Prior to its substitution, said Proviso, as inserted by the SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013, w.e.f. 8-10-2013, read as under :
'Provided that these regulations shall not apply to direct and indirect acquisition of shares or voting rights in, or control over a company listed on the institutional trading platform of a recognized stock exchange']]