Ashwin Mohan/ CNBC-TV18

Sebi's takeover code is considered as one of the most complicated in Indian legal jurisprudence.

But the Indian takeover law scenario might just get simpler for investors and stakeholders.

More than 1000 companies in the country are grappling with legal complexities, which end up attracting huge penalties and litigations with regulators.  Now, companies can easily avoid the hassles of non compliance on several legal and regulatory issues, by logging onto takeovercode.com - a tecno-legal website aimed at simplification of takeover laws and acquisition procedures

Though Sebi Chairman CB Bhave did not openly endorse takeovercode.com, he was supportive of Pavan Kumar's entrepreneurial brainchild.

CB Bhave, Chairman, SEBI said, “Many people like him during my public service career, who came to me, not because of licenses and permissions, but because they want to share an idea. They don’t realise it, but it enriches me tremendously and gives me an insight into how much entrepreneurial talent there is in the country.”

So what does a company get, if it logs onto takeovercode.com?

For instance, if the company enters the number of shares held by the promoter on the site, it gets a complete roadmap for following the disclosure process, including timelines.

While navigating through takeovercode.com, the company can also utilise a simple procedure for planning acquisition strategies.

The search engine on the site helps to locate pertinent case laws and there is also ready access to a comprehensive database of takeover amendments, exemption orders and committee reports

Pavan Kumar Vijay, MD, Corporate Professionals, says, “When somebody is submitting forms, they have to see the factual things, but they don’t have any calculator. Like take for example, somebody has fed that this is the price of a particular transaction, and there is a formula of Sebi; so Sebi has no system to calculate this - they have to manually calculate it. But from our own site, they can calculate that, what is the correct price on the basis of Sebi rules and regulations.

In a month's time, takeovercode.com is aiming at including a compliance manual, portfolio management services and even an automatic price calculator for open offers.