Section 601 of The Companies Act No. 17 of 2015: Enforcement of Takeover Rules by the Court
(1) If the Authority is of the opinion that a person is contravening or about to contravene, or has repeatedly contravened, a provision of the Takeover Rules, it may apply to the Court for a restraining order under subsection (4).
(2) If the Authority is of the opinion that a person is failing to comply, or about to fail to comply, or has repeatedly failed to comply, with a requirement of the Takeover Rules, or with a direction given under rules made for the purposes of section 595, it may apply to the Court for a compliance order under subsection (5).
(3) A person in respect of whom an application is made under subsection (1) or (5) is the respondent at the hearing of the application and is entitled to appear and be heard at the hearing.
(4) On the hearing of an application made under subsection (1), the Court may, if satisfied that the respondent is contravening or about to contravene, or has repeatedly contravened, a provision of the Takeover Rules, the Court may make an order restraining the respondent from continuing or committing the contravention, or committing further contraventions, of the provision.
(5) On the hearing of an application made under subsection (2), the Court may, if satisfied that the respondent is failing to comply or about to fail to comply, or has failed to comply, with a requirement of the Takeover Rules or a direction given under section 595, the Court may make a compliance order directing the respondent to comply with the requirement or direction.
(6) The Authority may not seek an injunction from the Court concerning a matter in respect of which it can make an application under this section.
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