Ins. by s. 8, ibid. (w.e.f. 10-9-2024). — THE COMPETITION ACT, 2002

3. Ins. by s. 8, ibid. (w.e.f. 10-9-2024). (a) the notice of the acquisition is filed with the Commission within such time and in such manner as may be specified by regulations; and (b) the acquirer does not exercise any ownership or beneficial rights or interest in such shares or convertible securities including voting rights and receipt of dividends or any other distributions, except as may be specified by regulations, till the Commission approves such acquisition in accordance with the provisions of sub-section (2A) of section 6 of the Act. Explanation . — For the purposes of this section, "open offer" means an open offer made in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992).] CHAPTER III COMPETITION COMMISSION OF INDIA

Section 3