Companies Act, 1973 (Act No. 61 of 1973)

The Securities Regulation Code on Takeovers and Mergers

The Code

Section G. Nature of Consideration to be Offered

Rule 10. Subjective Conditions
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Save with the consent of the Panel an offer shall not be subject to conditions which depend solely on subjective judgments by the directors of the offeror or the fulfillment of which is in their hands.