(1) If a person or a group of persons or body corporate is to purchase the shares of any body corporate in lump sum or at several times with an intention of taking full ownership of such a body corporate or control over
the management of that body corporate, such transaction on the purchase and sell of shares shall have to be done in a transparent manner.
(2) If any person or group of persons in collaboration or any body corporate purchases or owns more than fifty percent, or more than such percent as specified by the Board, of the shares of any body corporate, it shall be
deemed to have been control over the management for the purposes of Subsection (1).
(3) The manner in which an offer is to be made on the sale of shares of any body corporate in manner to acquire the full ownership of the body corporate or have control over the management of the body corporate pursuant
to Sub-section (1), process on the purchase and sale of shares and other  provisions pertaining thereto shall be as prescribed.