Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p10
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 25070–27855

of a company did not have a reasonable time in which to consider a proposal under which a person would acquire a substantial interest in the company;
     (c) the shareholders and directors of a company were not supplied with sufficient information to enable them to assess the merits of a proposal under which a person would acquire a substantial interest in the company; or
     (d) the shareholders of a company did not all have reasonable and equal opportunities to participate in any benefits, or to become entitled to participate in any benefits, accruing, whether directly or indirectly and whether immediately or in the future, to any shareholder or to any person associated with a shareholder, in connection with the acquisition, or proposed acquisition, by any person of a substantial interest in the company,
the Commission may, within 90 days after that conduct was engaged in, by instrument in writing, declare that conduct to have been unacceptable conduct.

"(4) Where, pursuant to sub-section (3), the Commission declares conduct that has been engaged in by a person in relation to shares in, or the affairs of, a company to have been unacceptable conduct, the Court may, on the application of the Commission, the company or a member of the company, make—
     (a) any order that it thinks necessary or expedient to protect the rights of any person affected by the conduct or to ensure, as far as possible, that a take-over scheme or take-over announcement or a proposed take-over scheme or take-over announcement in relation to shares in the company proceeds in the manner in which it would have proceeded if that conduct had not been engaged in;
     (b) without limiting the generality of paragraph (a), any one or more of the following orders:
          (i) an order directing a person to supply to the holders of shares in the company such information as is specified in the order;
          (ii) an order restraining the exercise of any voting or other rights attached to any shares;
          (iii) an order restraining the disposal of, or of any interest in, shares in the company;
          (iv) an order directing the disposal of, or of any interest in, shares in the company;
          (v) an order vesting in the Commission shares, or any interest in shares, in the company;
          (vi) an order directing the company not to register the transfer or transmission of shares;
          (vii) an order cancelling a contract, arrangement or offer relating to a take-over scheme or take-over announcement or a proposed take-over scheme or take-over announcement in relation to shares in the company;
          (viii) an order declaring a contract, arrangement or offer relating to a take-over scheme or take-over announcement or a proposed take-over scheme or