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 section 30 of the Securities and permutation identity card of India Act, 1992 (15 of 1992) deal with article (f) of sub-section (2) of Section 77A of the Companies Act, 1956 (1 of 1956) the Board hereby makes the succeeding(a) dominions to quicken the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, namely:- 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 force on the date of their issue 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) after clause (l), the following youthful clause shall be inserted, namely:- (la) â €žsmall shareowner? marrow a shareholder of a listed comp any, who holds shares or other author securities whose market value, on the basis of closing price of shares or other specified securities, on the recognised stock transposition in which highest business volume in respect of such(prenominal) security, as on record date is not more than than two lakh rupee; (b) after clause (o), the following new clause shall be inserted, namely:- (p) „working daylight? means any working day of the Board. (ii) In regulation 5, in sub-regulation (1) speech and figures Schedule I shall be substituted with the run-in and figures Schedule II, grammatical constituent A. (iii) regulation 5A shall be substituted with the following, namely:- Board occlusion 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 under(a) first provision to clause (b) of sub-section (2) of section 77 A of the Companies Act, 1956, as inserted by! the Companies (Amendment) Act, 2001, shall file a copy of...If you extremity to get a full essay, order it on our website: OrderEssay.net

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