Special resolution for buy back requires prescribed explanatory disclosures and filing of the resolution with regulators and exchanges. Regulation 5 requires that the explanatory statement annexed to the general meeting notice for a special resolution authorising a buy back include the ... Summary
Special resolution for buy back requires prescribed explanatory disclosures and filing of the resolution with regulators and exchanges.
Regulation 5 requires that the explanatory statement annexed to the general meeting notice for a special resolution authorising a buy back include the disclosures set out in Schedule II, Part A, and that a copy of the resolution be filed with the Board and the stock exchanges where the company's securities are listed within the period specified by the regulation.
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