SEBI appoints committee to revamp Takeover Code Achutan Somasekhar Sundaresan and Kumar Desai represent the legal community

Bar & Bench September 10 2009

Sebi Chairman C.B. Bhave has announced that a committee will be set up to review the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, popularly known as the Takeover Code.

Former presiding officer of the Securities Appellate Tribunal (SAT), C Achutan [pictured] will head the committee. Lawyers Somasekhar Sundaresan, the Capital Markets Partner at J. Sagar Associates, Mumbai, and Kumar Desai, Advocate, the Bombay High Court, will also form part of the committee.

Sebi Chairman C.B. Bhave has announced . . .

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