Abstract

The concept of control has been discussed in companies act 2013, competition act 2002 and in substantial acquisition of shares and takeovers, 2011. I shall particularly discuss the concept of control in the light of takeover regulations. The qualitative and quantitative aspect of control in the light of mandatory bids has been extensively debated by the scholars. Even the regulatory authorities face a lot of problems while resolving such difficulty. Whether the trac’s recommendations in the form of 25% numerical threshold are sufficient today for reducing the heavy burden compliance? What are the loopholes with mandatory open offers? Whether the regulatory authority should rethink and reimagine the contours of control? Such questions have been raised in this paper. An inclusive approach has been adopted while giving suggestions to the issue in concern.

Keywords: Takeover code; Mandatory bid; Trac; Sat; Sebi; Control