Which statutory enforcement option is NOT a part of the Takeover Code?

The Takeover Code establishes a regulatory framework to ensure fair treatment of shareholders and orderly processes during takeovers and mergers. It primarily relies on principles that govern the conduct of parties involved in these transactions, rather than on direct punitive measures as part of its enforcement mechanisms.

In the context of statutory enforcement options allowed by the Takeover Code, imposing fines is not among the listed enforcement methods. The Code places a strong emphasis on compliance through private warnings and public violations, which serve to highlight non-compliance without resorting to more severe penalties like fines. Additionally, application to courts is a mechanism that can be employed for seeking remedies or clarifications regarding compliance with the Code, thereby aligning the enforcement with legal frameworks.

This structure is designed to promote good practice and encourage adherence through reputation management and peer scrutiny, rather than financial penalties, which may disrupt the financial landscapes involved in takeovers. Therefore, the absence of imposing fines as a statutory enforcement option underlines the Code’s focus on promoting compliance and transparency rather than punitive financial measures.