| Application of Companies Act 1967 to shares held by special purpose company |
| Application of Companies Act 1967 to shares held by special purpose company |
11.—(1) Despite section 139 or 140 of the Securities and Futures Act 2001 (relating to take‑overs offers) and the Take‑over Code mentioned in section 139(2) of that Act (called in this section the Code), the transferee holding company’s shares held by the special purpose company which it acquired under section 8(1) or (1A) are not to be taken into account in determining whether —
[Act 4 of 2022 wef 21/03/2022] [42/2001]
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