Section 4 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
4. Conditions and requirements for buy-back of shares ... specified securities.
- (i) The maximum limit of any buy-back shall be twenty-five per cent or less of the aggregate of paid-up capital
Section 2 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
2. Definitions.
- (i) In these regulations, unless the context otherwise ... tender offer" means an offer by a company to buy-back its own shares or other specified securities through a letter of offer from
Section 9 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
9. Offer procedure.
- (i) A company making a buy-back ... security holders, who are eligible to participate in the proposed buy-back offer. (ii) The letter of offer along with the tender form shall
Section 5 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
5. General compliance and filing requirements for buy-back ... company shall not authorise any buy-back (whether by way of tender offer or from open market or odd lot) unless: (a) The buy-back
Section 19 in Securities And Exchange Board Of India (Buy Back Of Securities) Regulations, 1998
19. Obligations of the Company.-
(1) The company shall ensure ... cash; (d) the company shall not withdraw the offer to buy-back after the draft letter of offer is filed with the Board or public
Section 25 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
25. Obligations of the merchant banker.
- The merchant banker shall ... under the offer are in place; (iv) the public announcement of buy-back is made in terms of the regulations; (v) the letter of offer
Section 11 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
11. Extinguishment of certificate and other closure compliances ... securities bought-back are extinguished within seven days of expiry of buy-back period. Explanation. - The aforesaid period of fifteen days shall in no case
Section 24 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
24. Obligations of the company for all buy-back procedure ... cash; (d) the company shall not withdraw the offer to buy-back after the draft letter of offer is filed with the Board or public
Section 22 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
22. Buy-back through book building.
- A company may buy ... made at least seven days prior to the commencement of buy-back. (iii) Subject to the provisions of clause (a) and clause (b) of this
Section 20 in Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
20. Escrow account for open market buy-back through stock ... escrow account 25 per cent of the amount earmarked for the buy-back as specified in the resolution of the board of directors
