Clause 14

by deleting the expression “one-third” appearing in the eighth line of paragraph (b) of the definition of “take-over scheme” in subsection (1) thereof and substituting therefor the words “twenty per cent”;

by deleting the words “or both” appearing in the second line of subsection (10) thereof and substituting therefor the expression “or the body, panel or committee that is specified in the notice referred to in subsection (11) of this section, or all of them”; and

by inserting immediately after subsection (10) thereof the following new subsection: —“(11) For the more effective administration, supervision and control of take-overs and mergers the Minister may if he thinks it necessary in the public interest or for the protection of investors by notice direct, from such date as may be specifed in the notice, that —

all parties concerned in a take-over or merger transaction shall, in addition to complying with the provisions of this section and the Tenth Schedule, be bound to abide by such general principles and rules of a nonstatutory nature as he may specify in the notice; and

such body, panel or committee as the Minister may designate in the notice shall administer and enforce those general principles and rules.”.