The Takeover Special Committee

  1.  Takeover Special Committee (TSC) is a committee of the Panel and consists of a Chairperson, who must be an Attorney or Advocate whether practicing or not; and at least two other persons.
  2. The Powers of the TSC are to hear and decide on matters referred to it by the Executive Director of the Panel; and review compliance notices issued by the Executive Director of the Panel.

In exercising its powers and performing its functions the Panel must not express any view or opinion on the commercial advantages or disadvantages of any transaction or proposed transaction.