The new portal, Takeovercode.Com, was launched by Securities & Exchange Board of India (Sebi) Chairman C B Bhave here.
The portal, dubbed as a one-stop online solution for intricacies of Indian takeover laws, through its research-led content, aims to inform investors and stakeholders about the complexities of takeover laws in India and make the process of acquisition compliances-efficient and transparent by harnessing the power of the Internet.
Takeovercode.Com is the result of years of painstaking research and exposure to complicated takeover and acquisition issues cases.
With the development of securities market and heightened merger and acquisition activity in the country, faster and transparent processes are required.
This initiative is an innovative venture which addresses these deficiencies and will bring considerable changes to the M&A services in India, Corporate Professional's Managing Director, Pavan Kumar Vijay, told reporters here.
Sebi's takeover code is considered as one of the most complicated in Indian legal jurisprudence.
Consequently, many corporates fail to comply with such complexities leading to imposition of penalties and interpretative disputes and litigations, Vijay said.
Takeovercode.Com intends to simplify the complexities involved with its elaborative compliance reporting, innovative and useful calculators to perform a plethora of functions and advanced search engines to provide up-to-minute information on takeovers, he added.
