Acting In Concert
Legal definition for Indian law research
Definition
Acting in concert, the persons acting in concerts with an acquirer must have commonality of objectives and community of interests and their act of acquiring shares or voting rights in a company must serve the common objective, Technip SA v. SMS Holding (P) Ltd., (2005) 5 SCC 465. [SEBI (Substantial Acquisition of Shares and Takeovers) Regn., 1997]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.