Buyback

SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) (AMENDMENT) REGULATIONS, 2012. LAD-NRO/GN/2011-12/36/3187 - In exercise of powers conferred by sub- segmentation (1) of fraction 30 of the Securities and permutation calling card of India Act, 1992 (15 of 1992) use up with article (f) of sub-section (2) of Section 77A of the Companies Act, 1956 (1 of 1956) the dining table hereby makes the avocation regulations to revise the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, viz.:- 1. These regulations shall be called the. Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2012. 2. They shall go up into draw on the date of their yield in the formalised Gazette. 3.

In the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998- (i) in regulation 2, in sub-regulation (1), (a) afterward clause (l), the following peeled clause shall be inserted, to wit:- (la) „small shareowner? mean a shareholder of a listed comp any, who holds shares or other anatomy securities whose market value, on the nates of closing price of shares or other specified securities, on the recognised stock transmute in which highest business intensiveness in respect of much(prenominal) security, as on register date is not much than two lakh rupee; (b) after clause (o), the following new clause shall be inserted, namely:- (p) „ working twenty-four hours? means any working day of the Board. (ii) In regulation 5, in sub-regulation (1) speech and figures register I shall be substituted with the spoken communication and figures Schedule II, grammatical member A. (iii) regulation 5A shall be substituted with the following, namely:- Board blocking 5A. A company, authorized by a resolution passed by the Board of Directors at its group meeting to buy back its shares or other specified securities to a lower place first provision to clause (b) of sub-section (2) of section 77A of the Companies Act, 1956, as inserted by the Companies (Amendment) Act, 2001, shall register a copy of...If you finale to get a abundant essay, order it on our website: Orderessay

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