Applicability of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 SEBI vide its Notification No.

LAD-NRO/GN/2011-12/24/30181 dated September 23, 2011 notified the New SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 replacing the Takeover Regulations namely SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. A copy of the new Takeover Regulations is uploaded on the Home page of ICSI Website under the head ‘From the Government/ Regulators’ for reference. Students are advised to note as under

1. For December 2011 Examination SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 1997 shall be applicable.

2. For June, 2012 Examination SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 shall be applicable.

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