TAKEOVER CODE COMPLIANCE

Quick and hassle-free application for Tax Deduction and Collection Account Number (TAN).

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What is TAN?

TAN or Tax Deduction and Collection Account Number is a 10-digit alphanumeric number required by all persons responsible for deducting or collecting tax. It is mandatory to quote TAN in TDS/TCS returns, any TDS/TCS payment challan, and TDS/TCS certificates.

Key Benefits

  • Legal Compliance
  • Avoid Penalties
  • Enables TDS/TCS Filings

Frequently Asked Questions

The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 govern significant acquisitions of shares and control in publicly listed companies. It mandates public announcements and open offers when specified shareholding thresholds are triggered.
A mandatory open offer is triggered when an acquirer crosses 25% shareholding, or acquires more than 5% in a financial year while holding 25-75%. The acquirer must make an open offer for at least 26% of total shares from public shareholders.
Acquisitions or disposals of 5% or more trigger disclosure within 2 trading days. Further changes of 2% or more also require disclosure. Annual disclosures are required from shareholders holding 25% or more. We manage all ongoing disclosure obligations.
Creeping acquisition allows an acquirer holding between 25% and 75% to purchase up to 5% additional shares in a financial year without triggering an open offer. We structure creeping acquisitions within permissible limits with proper disclosures.
Exempt transactions include inter-se transfers among promoters, acquisitions under insolvency proceedings, inheritance or transmission, and certain rights issue scenarios. We advise on structuring transactions to qualify for applicable exemptions.