In the light of thecircumstances prevalent at the time, the need for some law to regulate takeover was stronglyfelt.It is interesting to note that while in most countries including UK, rest of Europe and Singapore,Takeovers and mergers are governed by the same law, in India, mergers and amalgamations aregoverned by the Companies Act,1956 (Sections 391 to 394) while takeovers are governed bySEBI (S